2023 Mega 1000 analysis: performance by brokerage price tier

Shared: May 29, 2023

By: Dr. Paul Bishop

Every year, T3 Sixty gathers and verifies the production data of the nation’s 1,000 brokerages and ranks them in the Mega 1000, with the 2023 edition released in late April. In the months that follows, T3 does additional analysis of the data to help real estate leaders digest the data and pull out usable insights. […]

Every year, T3 Sixty gathers and verifies the production data of the nation’s 1,000 brokerages and ranks them in the Mega 1000, with the 2023 edition released in late April. In the months that follows, T3 does additional analysis of the data to help real estate leaders digest the data and pull out usable insights.

In this breakout, T3 analyzed the Mega 1000 by average 2022 transaction side price and placed them into the following three categories:

  • Entry Level Segment: 2022 average transaction price of NAR’s 2022 existing home median sales price of $386,400 or less. 356 Mega 1000 brokerages.
  • Mid-Market Segment: 2022 average transaction price above NAR’s 2022 existing home median sales price of $386,400 to 3X that price. 574 Mega 1000 brokerages.
  • Luxury Segment: 2022 average transaction price above 3X NAR’s 2022 existing home median sales price of $386,400 to 3X that price. 70 Mega 1000 brokerages.

See a digest of the data in the following slide show