Realogy's Existing Home Sale Results Remain Unaffected After Nar Issues Downward Revision Of National Existing Home Sales Survey Data

Realogy's Existing Home Sale Results Remain Unaffected After Nar Issues Downward Revision Of National Existing Home Sales Survey Data

Company's Reported Market Share Increases after Trade Association’s Change in Methodology

December 21, 2011 // // PARSIPPANY, N.J.  - Realogy Corporation, a leading provider of real estate and relocation services, today reiterated that the National Association of Realtors' (NAR) downward revision of national existing home sale survey data from 2007 to present day will have no impact on Realogy’s reported financial results or reported key business drivers. NAR’s revision of its prior national existing home sales figures was brought about by changes in its benchmark methodology, which uses an extrapolation of local and regional sales to calculate national sales figures. The announced revisions did not change any of NAR’s reported historical median or average home sales price figures.

"Realogy's reported existing home sale transaction sides are unaffected by NAR’s revisions to its methodology for determining national existing home sales and will not change," said Realogy chief financial officer Tony Hull. "This includes the 1.18 million transaction sides that we reported in 2010 as well as related revenue drivers reported in 2011 and in earlier periods."

After factoring in NAR's downwardly revised calculation of 4.2 million total existing home sales for full-year 2010, Realogy estimates that it was involved – either through the operations of its franchisees or its company-owned brokerages – in approximately 26% of all existing home sale transaction volume (transaction sides times average price) for domestic transactions involving a real estate brokerage firm in 2010, an increase from the 23% the Company previously reported.

About Realogy Corporation

Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 14,300 offices with 253,000 sales associates doing business in 100 countries and territories around the world. Realogy is owned by affiliates of Apollo Management, L.P., a subsidiary of Apollo Global Management, LLC, a leading global alternative asset manager.

Media Contact:

Mark Panus, (973) 407-7215,

Investor Contact:

Alicia Swift, (973) 407-4669,




comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Chronic Tacos
Chronic Tacos is a California inspired authentic Mexican grill that celebrates the individuality of our customers. We have developed restaurants...
Eat. Energize. That's the Freshii mantra. Since 2005, Freshii has been on a mission to help the citizens of the world live better by making healthy...
Eat The Frog Fitness
As an Eat The Frog Fitness Franchisee you will own a business with great potential in the growing $35 billion dollar fitness industry.
True REST Float Spa
Be on the ground floor of taking this movement mainstream by joining the established market leader today!
The Joint Corp.
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.