It’s not even close.
That’s how dominant Western New York’s two largest real estate brokerage firms are when it comes to regional home sales.
So far this year, Orchard Park-based RealtyUSA is the No. 1 residential brokerage, with $597 million in transaction volume and 28 percent of the market. That reflects 3,890 transaction “sides” – deals in which they represented the buyer or the seller – which is a standard measure for real estate.
Rival Hunt Real Estate Corp. of Buffalo was further down at No. 2, with $474 million and 22 percent of the market. The firm handled 2,738 transaction sides.
But the rankings plummet from there, with a few surprises for many market observers.
Amherst-based MJ Peterson Corp. has long been viewed as the No. 3 player. In fact, this year, they’re No. 5, with almost $110 million in volume and 5 percent of the market. That’s less than one-fifth of RealtyUSA’s share.
Just ahead of it are national brand Keller Williams and Rochester-based Nothnagle Realtors, both also at 5 percent. Both had just over $113 million in volume.
Moreover, RealtyUSA and Nothnagle are now both owned by Pittsburgh-based Howard Hanna Real Estate Services. Combining their local presence, Howard Hanna actually controls just over one-third of the Buffalo Niagara real estate sales.
With the exception of Amherst-based Metro Real Estate and Buffalo-based Gurney Becker and Bourne, the rest of the firms in the market have less than 2 percent each.
Check out our chart for more information.