2024's Best NYC Residential Real Estate Agencies Revealed (2024)

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2024's Best NYC Residential Real Estate Agencies Revealed (1)

By Jane Doe

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2024's Best NYC Residential Real Estate Agencies Revealed (2)

In this article

Introduction

This analysis focuses on the operations of real estate agents who were affiliated with a firm based in New York City in 2024, as per their licensing records.

Each real estate licensee and each brokerage firm are considered independent entities as recorded by the Department of State (DOS). For example, “Douglas Elliman Real Estate” and “Douglas Elliman Referral” are considered separate brokerage firms for the purpose of this report.

This report highlights the top performing real estate firms based on Corofy’s key performance indicators which includes a firm’s growth, hiring, turnover and retention. Only residential firms are considered.

Top 10 NYC Growth by Percentage

With an impressive agent growth of 362%, Casa Blanca ranked as the fastest-growing residential firm by percentage in New York City in 2024. This was followed by Serhant, which grew its headcount by 156%.

Coldwell Banker Reliable ranked 3rd, with an impressive 92% growth.

Boutique firms such as Brooklyn Group and Platinum Properties made their way to the top 10 fastest-growing firms by percentage, proving that boutique firms have a strong standing in the New York City brokerage landscape.

#

Brokerage Name

Percentage Growth

1

2024's Best NYC Residential Real Estate Agencies Revealed (3)

Casa Blanca

+362.50%

2

2024's Best NYC Residential Real Estate Agencies Revealed (4)

Serhant

+156.10%

3

2024's Best NYC Residential Real Estate Agencies Revealed (5)

Coldwell Banker Reliable

+92.19%

4

2024's Best NYC Residential Real Estate Agencies Revealed (6)

Century 21 Future Homes Realty

+70.21%

5

2024's Best NYC Residential Real Estate Agencies Revealed (7)

Highline Residential

+63.55%

6

2024's Best NYC Residential Real Estate Agencies Revealed (8)

Real Broker NY

+44.64%

7

2024's Best NYC Residential Real Estate Agencies Revealed (9)

Brooklyn Group

+42.86%

8

2024's Best NYC Residential Real Estate Agencies Revealed (10)

Platinum Properties

+34.38%

9

2024's Best NYC Residential Real Estate Agencies Revealed (11)

Greystar

+32.69%

10

2024's Best NYC Residential Real Estate Agencies Revealed (12)

Exit Realty Top Properties

+29.73%

#

Brokerage Name

Percentage Growth

1

2024's Best NYC Residential Real Estate Agencies Revealed (13)

Casa Blanca

+362.50%

2

2024's Best NYC Residential Real Estate Agencies Revealed (14)

Serhant

+156.10%

3

2024's Best NYC Residential Real Estate Agencies Revealed (15)

Coldwell Banker Reliable

+92.19%

4

2024's Best NYC Residential Real Estate Agencies Revealed (16)

Century 21 Future Homes Realty

+70.21%

5

2024's Best NYC Residential Real Estate Agencies Revealed (17)

Highline Residential

+63.55%

6

2024's Best NYC Residential Real Estate Agencies Revealed (18)

Real Broker NY

+44.64%

7

2024's Best NYC Residential Real Estate Agencies Revealed (19)

Brooklyn Group

+42.86%

8

2024's Best NYC Residential Real Estate Agencies Revealed (20)

Platinum Properties

+34.38%

9

2024's Best NYC Residential Real Estate Agencies Revealed (21)

Greystar

+32.69%

10

2024's Best NYC Residential Real Estate Agencies Revealed (22)

Exit Realty Top Properties

+29.73%

93%

Is the average growth percentage of the 10 fastest growing firms by percentage of agent count in 2024.

When asked what has contributed to their firm’s overall growth and agent retention, this is what leaders from these growing brokerages had to say:

"We have a team based culture that uniquely positions us to support our agents in their growth while assisting with their needs. We also have a robust support staff to help with many of the operational tasks that typically take up much of an agent's time, freeing them up to spend more 1 on 1 time with clients."

2024's Best NYC Residential Real Estate Agencies Revealed (23)

Hannah Bomze

CEO & Co-Founder - Casa Blanca

"Our success with agent retention is a result of three things: Hiring in line with our core values which results in a uniquely collaborative culture, unparalleled company generated leads in both sales and leasing, and a much higher staff to agent ratio than the industry norm resulting in the best agent support in New York. "

2024's Best NYC Residential Real Estate Agencies Revealed (24)

Dezireh Eyn

COO - Platinum Properties

"What gets me up in the morning is not necessarily growing Brooklyn Group first, but building relationships with every agent as an individual whether Brooklyn Group is the right fit for them or not. We do not look at agents as just another number but when they choose Brooklyn Group it is an opportunity to use real estate as a medium to build the life and career they want."

2024's Best NYC Residential Real Estate Agencies Revealed (25)

Jordan Stallings

Head of Talent - Brooklyn Group

"New York City will always be a place that people move to and from. With the worldwide reach of the Coldwell Banker brand, and our local reach at Coldwell Banker Reliable Real Estate with offices in NYC, Brooklyn, and the Hamptons, our network consistently provides agents with the opportunity to fill their pipeline, build new relationships and enhance their business."

2024's Best NYC Residential Real Estate Agencies Revealed (26)

Joseph Hamdan

Principal Broker - Coldwell Banker Reliable Real Estate

Top 10 NYC Growth by Headcount

Exp Realty ranked as the top firm in New York City in agent growth by headcount in 2024. The brokerage grew its headcount from 1406 to 1784 agents in 2024.

They were followed by Highline Residential and Serhant which added respectively 136 and 128 agents to their brokerage headcount.

Special mention to KWNYC, which for a second year in a row ranked in the Top 10, proving that they are growing into a power player in the industry.

#

Brokerage Name

Headcount Growth

1

2024's Best NYC Residential Real Estate Agencies Revealed (27)

Exp Realty

+382

2024's Best NYC Residential Real Estate Agencies Revealed (28)

2

2024's Best NYC Residential Real Estate Agencies Revealed (29)

Highline Residential

+136

2024's Best NYC Residential Real Estate Agencies Revealed (30)

3

2024's Best NYC Residential Real Estate Agencies Revealed (31)

Serhant

+128

2024's Best NYC Residential Real Estate Agencies Revealed (32)

4

2024's Best NYC Residential Real Estate Agencies Revealed (33)

Compass

+117

2024's Best NYC Residential Real Estate Agencies Revealed (34)

6

2024's Best NYC Residential Real Estate Agencies Revealed (37)

Corcoran Group

+77

2024's Best NYC Residential Real Estate Agencies Revealed (38)

7

2024's Best NYC Residential Real Estate Agencies Revealed (39)

Keller Williams NYC

+71

2024's Best NYC Residential Real Estate Agencies Revealed (40)

8

2024's Best NYC Residential Real Estate Agencies Revealed (41)

Coldwell Banker Reliable

+59

2024's Best NYC Residential Real Estate Agencies Revealed (42)

9

2024's Best NYC Residential Real Estate Agencies Revealed (43)

Casa Blanca

+58

2024's Best NYC Residential Real Estate Agencies Revealed (44)

10

2024's Best NYC Residential Real Estate Agencies Revealed (45)

Real Broker NY

+50

2024's Best NYC Residential Real Estate Agencies Revealed (46)

1,170

Is the cumulative number of agents from all firms that ranked in the Top 10 in New York City by agent head count in 2024.

We asked two leaders from the firms on this list what has helped their brokerage rank in the Top 10 for Agent Growth by Headcount. This was their responses:

"From our 2020 brokerage re-launch, our Leadership Team began, and has continued our growth with a vision, planning, collaboration, and intention to create and deliver a company culture of learning, teaching, coaching, diversity amongst us all, and extending exceptional service to the agents- these 'business owners' who join us at every level of their career. We are their business partners- here to fully support their business.

"

2024's Best NYC Residential Real Estate Agencies Revealed (47)

Fanny Montalvo

Broker of Record – Keller Williams NYC

"We strongly believe we have the best technology platform in New York City for agents. Agents add the most value when they spend the majority of their time with their clients building relationships. Our platform and infrastructure allow our agents to focus on clients through automation and streamlining of tedious and laborious tasks. Our recruiting process is simple, we show agents our technology and let them decide if they want to continue the conversation.

"

2024's Best NYC Residential Real Estate Agencies Revealed (48)

Bilal Haris Khan

President - Highline Residential

Top 10 NYC by Retention

Casa Blanca ranked as the top firm in New York City when it came to retention in 2024, retaining more than 93% of its agents during that period.

This was followed by Serhant with a retention rate of 89%.

Rounding out the top 10 was Bergen Basin Realty, with an annual retention rate of 84%.

#

Brokerage Name

Agent Retention

1

2024's Best NYC Residential Real Estate Agencies Revealed (49)

Casa Blanca

93.75%

2

2024's Best NYC Residential Real Estate Agencies Revealed (50)

Serhant

89.02%

3

2024's Best NYC Residential Real Estate Agencies Revealed (51)

City Connections Realty

88.31%

4

2024's Best NYC Residential Real Estate Agencies Revealed (52)

Sothebys International Realty

86.41%

5

2024's Best NYC Residential Real Estate Agencies Revealed (53)

Winzone Realty

86.11%

6

2024's Best NYC Residential Real Estate Agencies Revealed (54)

Next Stop NY

86.00%

7

2024's Best NYC Residential Real Estate Agencies Revealed (55)

R New York

85.74%

8

2024's Best NYC Residential Real Estate Agencies Revealed (56)

Brown Harris Stevens

85.73%

9

2024's Best NYC Residential Real Estate Agencies Revealed (57)

Tom Crimmins Realty

84.47%

10

2024's Best NYC Residential Real Estate Agencies Revealed (58)

Bergen Basin Realty

84.00%

#

Brokerage Name

Agent Retention

1

2024's Best NYC Residential Real Estate Agencies Revealed (59)

Casa Blanca

93.75%

2

2024's Best NYC Residential Real Estate Agencies Revealed (60)

Serhant

89.02%

3

2024's Best NYC Residential Real Estate Agencies Revealed (61)

City Connections Realty

88.31%

4

2024's Best NYC Residential Real Estate Agencies Revealed (62)

Sothebys International Realty

86.41%

5

2024's Best NYC Residential Real Estate Agencies Revealed (63)

Winzone
Realty

86.11%

6

2024's Best NYC Residential Real Estate Agencies Revealed (64)

Next Stop NY

86.00%

7

2024's Best NYC Residential Real Estate Agencies Revealed (65)

R New York

85.74%

8

2024's Best NYC Residential Real Estate Agencies Revealed (66)

Brown Harris Stevens

85.73%

9

2024's Best NYC Residential Real Estate Agencies Revealed (67)

Tom Crimmins Realty

84.47%

10

2024's Best NYC Residential Real Estate Agencies Revealed (68)

Bergen Basin
Realty

84.00%

87%

Is the average retention rate among the firms that ranked in the Top 10 in New York City by agent retention in 2024.

Brokerage growth is not just about growing in headcount, but also retaining the talent currently on your team. Stefani Berkin from R New York and Marissa Ghesquiere from Sotheby’s International Realty shared how their brokerages ranked in the Top 10 by retention:

"As a family run business, R New York prefers a holistic brokerage model that places our agents at the forefront. Our agents have autonomy to run their business the way they want to with the great technology, training, PR, marketing, social media, lead generation we offer. R New York agents get everything the traditional firms offer, plus the added bonus of keeping their hard earned commission."

2024's Best NYC Residential Real Estate Agencies Revealed (69)

Stefani Berkin

President - R New York

"Beyond any metric, our stellar retention of agents is what we are most proud of. When agents join Sotheby’s International Realty, they become part of a luxury brand that is both meaningful and powerful and not only resonates with their existing clientele but provides an opportunity to interview with sellers that are not already in their spheres of influence."

2024's Best NYC Residential Real Estate Agencies Revealed (70)

Marissa Ghesquiere

Executive Vice President of Sales - Sotheby’s International Realty

Top 50 NYC by Agent Count

New York City’s top 3 major players, Douglas Elliman, Compass, and Corcoran remain unchanged, ranking in the top 3 spots by agent count in NYC.

The Agency entered the NYC market and ranked number 17 after joining forces with Triplemint in May 2024.

When asked how their firms have established themselves in the Top 50 brokerages by Agent Count, this is what leaders from these top ranking brokerages had to say:

"We provide ongoing support, resources, and competitive commission splits that empower our agents to grow in a constantly evolving market. The unique flexibility and independence we offer, sets us apart from traditional brokerages and allows us to consistently attract and retain successful agents."

2024's Best NYC Residential Real Estate Agencies Revealed (71)

Adam Mahfouda

CEO – Oxford Property Group

"In a more challenging market, it's more important than ever for agents to be able to differentiate themselves in the market, provide targeted exposure for their sellers, and have access to an international referral network to feed and grow their business. Elegran offer its advisors and their clients global access and exposure through Manhattan's only true global real estate platform, backed by Forbes and its engaged audience of 132 million."

2024's Best NYC Residential Real Estate Agencies Revealed (72)

Michael Rossi

CEO - Elegran | Forbes Global Properties

"Living New York prides itself on keeping an efficient team of high end agents focused on servicing our Developers, Buyers, and Sellers. We also benefit from having a full service property management team which feeds our leasing business and allows us to package services at competitive rates. Agents looking to make a change will be brought into our ecosystem where they will be assigned landlord accounts and buyer seller leads generated from our principal network and our participation with programs like Streeteasy Experts and Localize."

2024's Best NYC Residential Real Estate Agencies Revealed (73)

Adrian Savino

Managing Director - Living NY

"Between our platform and brand, our visionary leadership across all offices, never-ending expansion, and our best-in-class graphic designers, staff, and managers, there is a certain je ne sais quoi that we capture very effectively. The thing about quality is you can’t fake it. And this is especially true about company culture and the way it translates to the way we conduct business."

2024's Best NYC Residential Real Estate Agencies Revealed (74)

John Carbone

Managing Director - Nest Seekers

#

Brokerage Name

Agent Count

1

2024's Best NYC Residential Real Estate Agencies Revealed (75)

Douglas Elliman Real Estate

4,219

2024's Best NYC Residential Real Estate Agencies Revealed (76)

2

2024's Best NYC Residential Real Estate Agencies Revealed (77)

Compass

2,911

2024's Best NYC Residential Real Estate Agencies Revealed (78)

3

2024's Best NYC Residential Real Estate Agencies Revealed (79)

Corcoran Group

2,490

2024's Best NYC Residential Real Estate Agencies Revealed (80)

4

2024's Best NYC Residential Real Estate Agencies Revealed (81)

Exp Realty

1,784

2024's Best NYC Residential Real Estate Agencies Revealed (82)

5

2024's Best NYC Residential Real Estate Agencies Revealed (83)

Compass Greater NY

988

2024's Best NYC Residential Real Estate Agencies Revealed (84)

6

2024's Best NYC Residential Real Estate Agencies Revealed (85)

Brown Harris Stevens

964

2024's Best NYC Residential Real Estate Agencies Revealed (86)

7

2024's Best NYC Residential Real Estate Agencies Revealed (87)

Winzone Realty

798

2024's Best NYC Residential Real Estate Agencies Revealed (88)

8

2024's Best NYC Residential Real Estate Agencies Revealed (89)

R New York

661

2024's Best NYC Residential Real Estate Agencies Revealed (90)

9

2024's Best NYC Residential Real Estate Agencies Revealed (91)

Keller Williams NYC

610

2024's Best NYC Residential Real Estate Agencies Revealed (92)

10

2024's Best NYC Residential Real Estate Agencies Revealed (93)

Oxford Property Group

605

2024's Best NYC Residential Real Estate Agencies Revealed (94)

11

2024's Best NYC Residential Real Estate Agencies Revealed (95)

Nest Seekers

571

2024's Best NYC Residential Real Estate Agencies Revealed (96)

12

2024's Best NYC Residential Real Estate Agencies Revealed (97)

Sothebys International Realty

518

2024's Best NYC Residential Real Estate Agencies Revealed (98)

13

2024's Best NYC Residential Real Estate Agencies Revealed (99)

Bond New York Properties

379

2024's Best NYC Residential Real Estate Agencies Revealed (100)

14

2024's Best NYC Residential Real Estate Agencies Revealed (101)

Highline Residential

346

2024's Best NYC Residential Real Estate Agencies Revealed (102)

15

2024's Best NYC Residential Real Estate Agencies Revealed (103)

Berkshire Hathaway Homeservices

319

2024's Best NYC Residential Real Estate Agencies Revealed (104)

16

2024's Best NYC Residential Real Estate Agencies Revealed (105)

Robert Defalco Realty

250

2024's Best NYC Residential Real Estate Agencies Revealed (106)

17

2024's Best NYC Residential Real Estate Agencies Revealed (107)

The Agency

226

2024's Best NYC Residential Real Estate Agencies Revealed (108)

18

2024's Best NYC Residential Real Estate Agencies Revealed (109)

Serhant

213

2024's Best NYC Residential Real Estate Agencies Revealed (110)

19

2024's Best NYC Residential Real Estate Agencies Revealed (111)

eRealty Advisors

181

2024's Best NYC Residential Real Estate Agencies Revealed (112)

20

2024's Best NYC Residential Real Estate Agencies Revealed (113)

Yourhomesold Guaranteed Realty

180

2024's Best NYC Residential Real Estate Agencies Revealed (114)

21

2024's Best NYC Residential Real Estate Agencies Revealed (115)

Douglas Elliman Referral

179

2024's Best NYC Residential Real Estate Agencies Revealed (116)

22

2024's Best NYC Residential Real Estate Agencies Revealed (117)

Elegran | Forbes Global Properties

174

2024's Best NYC Residential Real Estate Agencies Revealed (118)

23

2024's Best NYC Residential Real Estate Agencies Revealed (119)

Real Broker NY

168

2024's Best NYC Residential Real Estate Agencies Revealed (120)

24

2024's Best NYC Residential Real Estate Agencies Revealed (121)

Coldwell Banker Reliable

166

2024's Best NYC Residential Real Estate Agencies Revealed (122)

25

2024's Best NYC Residential Real Estate Agencies Revealed (123)

Keller Williams Realty NYC Group

165

2024's Best NYC Residential Real Estate Agencies Revealed (124)

26

2024's Best NYC Residential Real Estate Agencies Revealed (125)

Brown Harris Stevens NYs

165

2024's Best NYC Residential Real Estate Agencies Revealed (126)

27

2024's Best NYC Residential Real Estate Agencies Revealed (127)

Brown Harris Stevens Brooklyn

160

2024's Best NYC Residential Real Estate Agencies Revealed (128)

28

2024's Best NYC Residential Real Estate Agencies Revealed (129)

Exp Realty Bkny

159

2024's Best NYC Residential Real Estate Agencies Revealed (130)

29

2024's Best NYC Residential Real Estate Agencies Revealed (131)

Real New York

157

2024's Best NYC Residential Real Estate Agencies Revealed (132)

30

2024's Best NYC Residential Real Estate Agencies Revealed (133)

Corcoran

156

2024's Best NYC Residential Real Estate Agencies Revealed (134)

31

2024's Best NYC Residential Real Estate Agencies Revealed (135)

Remax Edge

156

2024's Best NYC Residential Real Estate Agencies Revealed (136)

32

2024's Best NYC Residential Real Estate Agencies Revealed (137)

Berkshire Hathaway Homeservices

150

2024's Best NYC Residential Real Estate Agencies Revealed (138)

33

2024's Best NYC Residential Real Estate Agencies Revealed (139)

Scope Realty

144

2024's Best NYC Residential Real Estate Agencies Revealed (140)

34

2024's Best NYC Residential Real Estate Agencies Revealed (141)

Redfin Real Estate

136

2024's Best NYC Residential Real Estate Agencies Revealed (142)

35

2024's Best NYC Residential Real Estate Agencies Revealed (143)

Level Group

135

2024's Best NYC Residential Real Estate Agencies Revealed (144)

36

2024's Best NYC Residential Real Estate Agencies Revealed (145)

Remax Elite

134

2024's Best NYC Residential Real Estate Agencies Revealed (146)

37

2024's Best NYC Residential Real Estate Agencies Revealed (147)

Exp Realty NYC

130

2024's Best NYC Residential Real Estate Agencies Revealed (148)

38

2024's Best NYC Residential Real Estate Agencies Revealed (149)

Momentum Real Estate

122

2024's Best NYC Residential Real Estate Agencies Revealed (150)

39

2024's Best NYC Residential Real Estate Agencies Revealed (151)

Exit All Seasons Realty

119

2024's Best NYC Residential Real Estate Agencies Revealed (152)

40

2024's Best NYC Residential Real Estate Agencies Revealed (153)

Ideal Properties Group

118

2024's Best NYC Residential Real Estate Agencies Revealed (154)

41

2024's Best NYC Residential Real Estate Agencies Revealed (155)

Corcoran Sunshine

117

2024's Best NYC Residential Real Estate Agencies Revealed (156)

42

2024's Best NYC Residential Real Estate Agencies Revealed (157)

Exr

114

2024's Best NYC Residential Real Estate Agencies Revealed (158)

43

2024's Best NYC Residential Real Estate Agencies Revealed (159)

Sothebys International Realty

113

2024's Best NYC Residential Real Estate Agencies Revealed (160)

44

2024's Best NYC Residential Real Estate Agencies Revealed (161)

Ditommaso Real Estate

111

2024's Best NYC Residential Real Estate Agencies Revealed (162)

45

2024's Best NYC Residential Real Estate Agencies Revealed (163)

E House Realty & Management

110

2024's Best NYC Residential Real Estate Agencies Revealed (164)

46

2024's Best NYC Residential Real Estate Agencies Revealed (165)

Fillmore Real Estate

110

2024's Best NYC Residential Real Estate Agencies Revealed (166)

47

2024's Best NYC Residential Real Estate Agencies Revealed (167)

Coldwell Banker Warburg

106

2024's Best NYC Residential Real Estate Agencies Revealed (168)

48

2024's Best NYC Residential Real Estate Agencies Revealed (169)

Keller Williams Realty Empire

104

2024's Best NYC Residential Real Estate Agencies Revealed (170)

49

2024's Best NYC Residential Real Estate Agencies Revealed (171)

Vylla Home

104

2024's Best NYC Residential Real Estate Agencies Revealed (172)

50

2024's Best NYC Residential Real Estate Agencies Revealed (173)

Living New York

104

2024's Best NYC Residential Real Estate Agencies Revealed (174)

About Corofy Data & Intelligence

Corofy computes various data sets to arrive at the most accurate and comprehensive intelligence for real estate brokerages in New York City, including independent third-party sources, open public data, and proprietary Corofy data. We are committed to upholding the integrity of our proprietary data. We go to great lengths to ensure we provide you with the most complete, accurate, and in-depth information.

Conclusion

Each year, we analyze the New York City brokerage industry to uncover which brokerages are leading the way in terms of overall growth, agent headcount, and retention.

While nationally recognized brokerages still have a strong standing in the market, our 2024 report shows that boutique firms are on the rise, ranking in the top 10 across all categories.

The New York City real estate market is consistently dynamic and 2024 was no different in this respect.

Congratulations to the growing brokerages that are changing the New York City real estate game with a unique approach to growth and retention.

Special Note

The Corofy Team wants to thank our special guests who shared really insightful quotes:

Michael Rossi, CEO – Elegran | Forbes Global Properties

Fanny Montalvo, Broker of Record – Keller Williams NYC

Dezireh Eyn, COO – Platinum Properties

Adam Mahfouda, CEO – Oxford Property Group

Hannah Bomze, CEO – Casa Blanca

Adrian Savino, Managing Director – Living NY

Jordan Stallings, Head of Talent– Brooklyn Group

Stefani Berkin, President – R New York

John Carbone, Managing Director – Nest Seekers

Joseph Hamdan, Principal Broker – Coldwell Banker Reliable Real Estate

Marissa Ghesquiere, Executive Vice President of Sales – Sotheby’s International Realty

Bilal Haris Khan, President – Highline Residential

If you’d like to receive additional information, please contact us at[emailprotected]

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Before being a school, Corofy is a community. Our founder, Eddy Boccara, started his real estate career as a real estate salesperson looking for a side hustle. Since then, he’s had a passion for New York real estate and specifically the talented individuals that take the leap to get their real estate license and help this industry progress. Eddy created Corofy with one goal in mind: to provide people with quality real estate education that actually helps them build a career they can be proud of.

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2024's Best NYC Residential Real Estate Agencies Revealed (179)

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FAQs

2024's Best NYC Residential Real Estate Agencies Revealed? ›

A combination of elevated mortgage rates, higher home prices and tight inventory is posing affordability challenges to most homebuyers in New York. In addition to higher borrowing costs, the 2024 election is another reason the housing market may continue to stagnate in the upcoming year.

What is the NYC real estate outlook for 2024? ›

A combination of elevated mortgage rates, higher home prices and tight inventory is posing affordability challenges to most homebuyers in New York. In addition to higher borrowing costs, the 2024 election is another reason the housing market may continue to stagnate in the upcoming year.

How hard is the NY real estate exam? ›

The pass rate for the New York State Real Estate Salesperson Exam is 70%. In other words, it's a challenging test, but with enough preparation, most people will be able to pass on the first try.

What is the average appreciation rate for real estate in NYC? ›

According to StreetEasy, the average home for sale in NYC receives 9% more offers from potential buyers than in 2022. NeighborhoodScout's latest data on the NYC housing market showed that the cumulative appreciation rate over 10 years was 79.16%. The annual average real estate appreciation rate in NYC is 6.00%.

Who is the biggest broker in NYC? ›

Biggest Manhattan brokerages by headcount
RankBrokerageActive Salespeople
1Compass2,104
2Corcoran Group1,599
3Douglas Elliman Real Estate1,506
4Brown Harris Stevens947
6 more rows
Feb 26, 2024

How much will rent cost in NYC in 2024? ›

The median Manhattan rent was $4,595 per month in April 2024 vs. $4,550 per month in March. Rental prices increased 1% month-over-month and 4% year-over-year. April set a new record for median rent.

Will rent go down in 2024 in NYC? ›

(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.

How many times can you fail NYS real estate exam? ›

How many times can you take the real estate exam in New York? You can take the NY state licensing exam as many times as needed until you pass. You simply have to schedule a new attempt through your eAccessNY account and pay the $15 examination fee.

Where is the hardest real estate exam? ›

Among all the states, Colorado and Texas stand out as having the most stringent criteria for obtaining a real estate broker license. In both of these states, aspirants must undergo rigorous study and examination processes to obtain their licenses.

How much math is on the NY real estate exam? ›

Expect around 15 of these to be math related. Make sure you prepare for your NY real estate exam, by going over the course material in your NY pre licensing course and practice exam, as all the NYS real estate exam questions, would be related with the NY Real Estate Exam.

At what rate do most houses appreciate? ›

The national average appreciation rate is 3% – 5%. The first thing you have to understand is that your land will drive the overall appreciation value of your home. However, certain situations like COVID-19 can change the entire situation a bit.

How much should a house appreciate in 10 years? ›

How much will a house appreciate in 10 years? The rate of home appreciation varies greatly by location and market conditions. However, on average, homes have appreciated about 3-5% annually over the past decade.

How much will a house appreciate in 5 years? ›

How much will property prices rise in 5 years? Based on historical averages of 3.5% of home value growth per year, property prices will rise a total of about 18 to 20% in 5 years. The math is simple: 3.5% a year for 5 years, compounding annually.

Who is the top realtor in NY? ›

Top Agents in New York – Individuals By Volume
Rank – State VolumeFull NameVolume
1Alexa P Lambert$826,812,326
2Shaun Osher$656,139,525
3Cathy Franklin$605,404,597
4Serena Boardman$499,785,000
78 more rows

Who is the most successful realtor? ›

Top Agents in the United States – Individuals By Volume
Rank – National VolumeFull NameVolume
1Ben Caballero$3,060,878,784
2Jay Kendall$2,156,880,700
3Ralph Harvey$998,841,167
4Drew Fenton$977,645,000
78 more rows

Who owns most of NYC real estate? ›

To the surprise of nobody, the City of New York is the biggest property owner in the five boroughs — with a massive 362.1 million square feet to its name, according to TRD's analysis. Think 1 Police Plaza, Stuyvesant High School and the New York Public Library building on Fifth Avenue.

Will 2024 be a better time to buy a house? ›

Bottom Line: Is 2024 a Good Time to Buy a House in California? Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, you'll find better deals on your dream home during Q2 2024.

Is the housing market going to recession in 2024? ›

According to MCT housing market experts and other experts in the field, the likelihood of a real estate housing market crash in 2024 is low. Overall, while there are factors that could potentially lead to a housing market crash, the current market conditions point towards a more stable situation.

Will my house be worth less in 2024? ›

“Home prices are expected to rise roughly in line with consumer price inflation and wage growth over the next two years.” NAR predicts that median home prices will increase 1.8 percent over the course of 2024.

What is the prediction for NYC real estate? ›

New York Real Estate Market Statistics

In 2024, the median sale price will keep increasing marginally due to NY's tight inventory. The sale-to-list price ratio is at 99.80%, with an increase of 0.2 pt YoY compared to January 2023. Home Sales: As per January 2024 data, home sales decreased by 3.2% YoY!

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