Performance

Keller Williams Reports Q1 2019 Results

Austin, TX | May 16, 2019

AUSTIN, TEXAS May 16, 2019 — Keller Williams (“KW”), the world’s largest real estate technology franchise by agent count and the U.S. leader in units and sales volume, continued to expand aggressively internationally, achieve technology milestones, and top franchise and industry-related rankings in Q1 ‘19.

“Together with our agents, we are developing and continuing to innovate on our products at unprecedented speed,” said Gary Keller, co-founder, chairman and CEO, Keller Williams. “This is only possible as a result of the work we quietly did for more than two years building our platform, while everyone was wondering what we were up to.”

“Command is quickly becoming the most sophisticated real estate operating system on the planet, reducing our agents’ technology spend and empowering them with the one-to-one experiences today’s consumers expect,” said Keller.

“With our recent moves, many are thinking that we’re just building Kelle, a CRM or a marketing platform, but what we’re really marching toward is a seamless transaction,” said Josh Team, president, Keller Williams. “This is why we have been building data alliances with companies like Google, Nextdoor and dozens of others.”

“It is also why we’ve been aggressive about our tech acquisitions, purchased a mortgage company, launched an iBuyer program and are building our insurance marketplace, plus many others, so that everything works together creating one unified experience for the consumer,” said Team.

Q1 ’19 Technology and Industry Highlights

“We expect to continue to see a year-over-year decline in total existing home sales in the U.S. throughout 2019, likely in the 2 to 5 percent range,” said Ruben Gonzalez, chief economist, Keller Williams. “Price growth is also slowing with median existing home prices tracking in the low single digits now.”

According to the National Association of REALTORS®, the number of existing homes sold in the U.S. declined 6.6% in Q1 ’19 to 996,000 and the sales volume associated with those homes declined 4.3% compared to Q1 ’18.

“The housing market has shifted and we continue to be focused on ensuring our agents are in the best position to continue to take market share,” said Keller. “Keller Williams was born in a market shift. All we see is opportunity.”

United States and Canada (production in Q1 ’19)

Keller Williams Worldwide (production outside the U.S. and Canada in Q1 ’19)

Outside of the U.S. and Canada, Keller Williams regions now include Argentina; Belgium; Belize; Bermuda; Cambodia; Chile; Colombia; Costa Rica; Czech Republic; Dubai, UAE; France; Greater Shanghai, China; Greece; Indonesia; Ireland; Israel; Italy; Jamaica; Luxembourg; Mexico; Monaco; Nicaragua; Northern Cyprus; Panama; Philippines; Poland; Portugal; Puerto Rico; Romania; Southern Africa; Southern Cyprus; Spain; Trinidad and Tobago; Turkey; United Kingdom; and Vietnam.

¹ Agent count numbers in the U.S. and Canada were revised downward to account for franchise-wide market center agent roster cleanup, which took place in January and February 2019.

About Keller Williams

Austin, Texas-based Keller Williams, the world’s largest real estate technology franchise by agent count, has more than 1,030 offices and 179,000 associates. The franchise is also No. 1 in units and sales volume in the United States.

In 2019, Fast Company named Keller Williams the No. 1 “Most Innovative Company” in real estate. In 2015, the company began its evolution into a technology company, now building the real estate platform that agents’ buyers and sellers prefer.

Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kw.com.

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For Press and Media Inquiries Contact

darryl.frost@kw.com | 254-466-3627