Realogy posted $1.1 billion in revenue in the first quarter of 2015, up 5 percent from a year ago.
“With 10 percent home sale volume growth, the first quarter was stronger than the 5 percent to 9 percent range we anticipated,” said Realogy CEO Richard A. Smith in a statement.
The increase in home sale volume (transaction sides multiplied by average sale price), along with contract signings in March and April, portend a “healthy spring selling season of the existing-home-sale market,” he added.
Realogy Holdings Corp. franchises industry brands including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group, ERA and Sotheby’s International Realty.
Realogy says its franchise system members operate approximately 13,500 offices with more than 251,300 independent sales associates conducting business in 104 countries and territories around the world.
NRT, Realogy’s company-owned real estate brokerage, is the largest residential brokerage company in the United States, operates under several of Realogy’s brands and also provides related residential real estate services, according to Realogy.