Openn Integration and Growth Metrics
US RESIDENTIAL SALES SEGMENTATION
•
MLS
A multiple listing service (MLS) is a
database established by cooperating real
estate brokers to exchange listings data
between sales agents and buyers agents
• 531 MLSs in the US (18 in Canada)
Top 20 MLSs each have between
10,000 100,000 agents
BROKERS
In North America, there are typically
multiple buyer's agents acting for buyers
in a transaction, in addition to the
seller's agent
⚫ There are ~86,000 residential
.
brokerages/franchises in the US
• Top 1,000 represent ~50% market
share by volume and top 100 represent
>25%
TOP 10 MLS's
SUBSCRIBERS
California Regional MLS
101,500
BrightMLS (MD)
90,900
StellarMLS (FL)
58,500
First MLS (GA)
45,670
Midwest RE Data (IL)
45,260
OneKeyMLS (NY)
43,000
MLSPIN (MA)
42,400
Arizona Regional MLS
40,937
North Texas RE Info Systems
40,630
REGION
Geographic Salary Variables
Qopen
West
$80,399
Midwest
$73,694
Northeast
$75,072
South
$71,785
RESIDENTIAL SALES LTM
Northeast
0.8 million
Midwest
1.5 million
South
2.8 million
West
Source: NAR
1.3 million
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