The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Magazine’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S.
Last year, over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023.
The self-reported list ranks U.S. based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2029. The minimum revenues required are $100,000 for 2019 and $2 million for 2022.
| Rank | Company | Growth (3-yr Avg.) | Year Founded | Description |
|---|---|---|---|---|
| 98 | OptiFunder | 4,767% | 2018 | Finance company helping independent mortgage lenders choose among funding options and streamline the process. |
| 126 | Transactly | 3,852% | 2017 | Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. |
| 193 | CertifID | 2,807% | 2017 | A company dedicated to fighting wire fraud for the real estate industry. |
| 403 | Homelight | 1,444% | 2012 | Providing a platform that helps deliver better outcomes for homebuyers and sellers. |
| 469 | LoanStar Technologies | 1,241% | 2016 | Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. |
| 487 | LiveEasy | 1,204% | 2013 | Real estate software company changing the way people manage their move and their homes. |
| 497 | BOSSCAT | 1,175% | 2018 | Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. |
| 510 | PadSplit | 1,152% | 2017 | Creator of a co-living market platform enabling workers to live in the communities they serve. |
| 533 | ReBuilt | 1,096% | 2015 | Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. |
| 545 | BatchService | 1,081% | 2018 | A real estate data and SaaS provider using real-time intelligence to help businesses identify opportunities. |
| 658 | Maxwell | 890% | 2015 | Digitizes the mortgage-origination process for small to midsize banks, credit unions, and independent mortgage lenders. |
| 678 | TriusLending | 869% | 2003 | A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans. |
| 744 | Point | 791% | 2015 | Home equity investment firm that has enabled more than 10,000 homeowners to unlock their home’s equity without additional monthly expenses. |
| 769 | InstaLend | 766% | 2015 | A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow. |
| 933 | Coviance | 630% | 2015 | Cloud-based financial firm enabling lenders to scale home equity loans and deliver a clear to close for borrowers in hours. |
| 984 | Orchard | 602% | 2017 | Making home buying and selling stress-free, fair and simple with a focus on helping homeowners unlock their equity. |
| 992 | RentSpree | 598% | 2016 | Rental software platform that connects real estate agents, owners and renters to simplify the rental process from listing to lease. |
| 997 | American Mortgage Mortgage | 594% | 2019 | A 100% employee-owned company providing solutions to mortgage industry challenges, which benefit clients and employees. |
| 1,032 | Realync | 575% | 2013 | A real estate video engagement platform unlocking authentic experiences that connect and convert across the prospective renter and resident lifecycle. |
| 1,068 | Fund That Flip | 555% | 2014 | An end-to-end real estate investing solution for serious, experienced investors, including Saas products and financing for residential redevelopers and builders. |
| 1,375 | Roofstock | 425% | 2015 | End-to-end investing platform for the single-family rental home sector providing integrated, data-driven technology and curated investment recommendations for investors. |
| 1,403 | SavvyMoney | 417% | 2009 | A leading provider of credit score solutions, serving over 1000 financial institutions by combining real-time data with digital personalization tools. |
| 1,467 | Curbio | 393% | 2017 | Helping real estate agents prepare homes before they go to market so they sell quickly and for the best price. |
| 1,486 | Yoreevo | 386% | 2017 | Offering streamlined, stress-free home shopping by providing a technology-driven approach executing transactions more efficiently and saving customers money. |
| 1,522 | MIOYM | 377% | 2008 | Real estate firm that identifies and rehabilitates distressed single-family residential properties, later selling them to first-time home buyers nationwide. |
| 1,532 | EasyKnock | 375% | 2016 | Real estate firm offering homeowners an innovative way to access their home’s equity using a sale-leaseback program. |
| 1,588 | Leverage Companies | 358% | 2019 | Real estate investment firm that uses a proprietary, data-driven platform to source premium opportunities for investors. |
| 1,943 | EmpowerHome | 289% | 2006 | A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties. |
| 1,971 | Mobility Market Intelligence | 285% | 2010 | A market leader in data intelligence and market insight tools for the mortgage and real estate industries. |
| 1,985 | Keeping Current Matters | 282% | 2007 | Helps real estate agents save time and build confidence with easy-to-deliver marketing content powered by the latest market insights. |
| 2,669 | LodeStar Software Solutions | 197% | 2013 | Firm offering software that saves mortgage lenders and professionals time and money by automating their closing cost disclosure. |
| 2,824 | MoxiWorks | 189% | 2012 | Firm offering cloud-based, real-estate-productivity technology helping brokerages and agents thrive in the residential real-estate space. |
| 2,936 | Lender Toolkit | 179% | 2015 | Provider of automated, innovative and comprehensive AI-powered mortgage technology solutions that streamline the mortgage origination process for mortgage lenders. |
| 3,370 | Total Expert | 149% | 2012 | CRM and data-driven customer engagement solutions for financial institutions, turning customer insights into actions to increase loyalty and drive growth. |
| 4,105 | FirstCloseFirstclose. | 110% | 2000 | Technology solution provider for HELOC and home equity lenders nationwide, helping lenders increase profitability and reduce cost. |
| 4,196 | New Western | 106% | 2008 | Real estate marketplace that connects more than 100,000 local investors looking to rehab houses with sellers. |
| 4,423 | Down Payment Resource | 96% | 2008 | A technology provider helping the housing industry connect homebuyers with homebuyer assistance, to make affordable home financing opportunities more accessible. |
| Source: Inc. 5000 – 2023 |
CityLight Homes came in as the top-ranked real estate brokerage or team in 2023, claiming the No. 186 spot on the Inc. 5000 list, with a 3-year growth rate of 2,870%. This is the first year CityLight Homes, which was founded in 2012 by Robert Berry, has made the list. The firm is based in Peabody, Massachusetts and serves clients in Massachusetts, New Hampshire, Florida, Arizona and Utah.
RedBird Realty (No. 188), and Keeton & Co Real Estate (No. 531) rounded out the top-three fastest growing real estate brokerage firms or teams, with 2842% and 1101% three-year growth rates, respectively.
Last year’s top ranked real estate brokerage firm, DASH Carolina, dropped from No. 436 in 2022 to No. 580 in 2023, with a 1012% growth rate.
At No. 711, United Real Estate Group was the highest ranked brokerage or team also ranked by RealTrends. In 2023, the Dan Duffy-helmed firm reported an 826% growth rate. The brokerage also recorded 50,565 transaction sides in 2022, for a total of $20.887 billion in sales volume, helping United Real Estate take the No. 7 spot on the 2023 RealTrends 500 transaction side rankings.
Other RealTrends-ranked brokerages to make the Inc. 5000 this year include Worth Clark Realty (No. 2,905), Rogers Healy and Associates Real Estate (No. 3,307), Lamacchia Realty (No. 3,393), ONE Sotheby’s International Realty (No. 3,629), @properties (No. 3,818), Realty Group (No. 3,977), Professional Realty Services International (No. 4,165), and HomeSmart Holdings (No. 4,939).
Rogers Healy, whose Dallas-based firm made the Inc. 5000 for the sixth time in 2023, said he is looking forward to the future growth of his firm.
“Our incredible team of real estate agents, staff, and those by our side every step of the way are who to thank for this achievement,” Healy wrote in an email.
Matt Widdows, the CEO and founder of HomeSmart, was also pleased with his firm’s performance.
“Despite the current challenges of the residential market, we have stayed true to our vision – giving HomeSmart agents the tools and systems that enable them to provide their buyers and sellers outstanding service, all at the lowest brokerage fees in the industry,” Widdows wrote in an email. “Traditional brokerages simply cannot compete with the value that HomeSmart provides. Our dedication to the evolution of our industry has paid off and we’re honored to be recognized as one of the fastest-growing companies in the U.S. for over a decade.”
Several real estate teams also made the Inc. 5000 list this year. Claiming the No. 602 spot and the title of top-ranked team was North Syracuse, New York-based, The Tarry Team, which was founded in 2013 by Thomas Tarry. This is the Tarry Team’s first year on the Inc. 5000 list.
“We were hoping to debut in the top 1000 and we ended up at 602 which led to some champaign being popped,” Tarry wrote in an email. “The ranking is the result of our unique approach to helping our clients buy and sell homes: we work as one unit. In our team approach someone is always available to show a home and we offer one stop shopping for every need a buyer or seller would have during the process. From showing homes to inspectors to attorneys to insurance services to moving services we bring all of these assets to bear on every transaction.”
The Cory Home Team (No. 2,101) and Mark Spain Real Estate (No. 2,369) rounded out the top-3 highest ranked real estate teams in 2023.
In addition to a spot on the Inc. 5000, Mark Spain Real Estate also claimed a spot on the 2023 RealTrends The Thousand rankings, coming in as the No. 2 mega team in the U.S. after recording 11,211 transaction sides and $3.854 billion in sales volume in 2022.
Other RealTrends-ranked teams to make the Inc. 5000 list include the Missouri-based eXp Realty mega team the Matt Smith Real Estate Group (No. 4,143) and the Jenny Maraghy Team (No. 4,666), a Virginia-based mega team brokered by Compass. The Hiller Group (No. 3,581) also ranked as the 46th largest medium-size team in the RealTrends 2023 rankings.
The Neal & Neal Team (No. 3,168), Nathan Clark & Associates (No. 4,111), the Laflin & Wolfington Team (No. 4,304), and The Salas Team (No. 4,929), also made the Inc. 5000, but did not make the RealTrends rankings.
Sarah Marx contributed reporting.
