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Sign into your accountWill Redfin's Giant Team Take Your Market Share?
November 27 2017
Redfin's stock dropped 5.45 percent earlier this month when Compass announced their plan of world domination. It was primarily due to their poor Q3 earnings release, falling short of analyst estimates, and we'll go ahead and mention the fact they currently only serve 0.71 percent of the U.S. housing market... BUT they're still Redfin. They're still a shark in a sea of minnows, constantly posing a threat.
In real estate, agent teams are becoming kind of a big deal. In fact, according to REAL Trends, there are now 35,000 to 50,000 agent teams across the U.S., with the majority having two to nine team members. These numbers are only growing, with 37 percent of teams formed one to three years ago and 26 percent of teams formed one year ago.