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Latest local Realtor association and MLS data shows the big are getting bigger in organized real estate

The MLS 200 and the ORE 200, which comprise section two of T3 Sixty's Real Estate Almanac, ranks all US MLS, local and state Realtor associations by membership size


News provided by

T3 Sixty, LLC.

Feb 15, 2022, 14:30 ET

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LADERA RANCH, Calif., Feb. 15, 2022 /PRNewswire-PRWeb/ -- T3 Sixty, a real estate management consulting and analytics firm, has released the 2022 MLS 200 and ORE 200 rankings, its annual rankings of US MLS, local and state Realtor associations by membership size. In addition, for the first time this year, rankings are included for MLSs and local Realtor associations by four geographic regions: Midwestern, Northeastern, Southern and Western.

The 2022 MLS 200 and ORE 200, which presents membership counts as of December 31, 2021, show the nation has 1,057 local Realtor associations and 536 MLSs, revealing continued consolidation among these organizations.

“Every year in the ORE 200, we track how organized real estate is growing and changing, and 2022 demonstrates how local Realtor association and MLS organizations are a reflection of the shifting real estate marketplace." said Clint Skutchan, T3 Sixty senior vice president of organized real estate

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MLS 200
The MLS 200 reveals that the MLS industry's years-long wave of consolidation is continuing. It even picked up in 2021. The number of MLSs dropped by 3.6 percent from 2021 to 2022 to 536 MLSs, roughly double the rate of decrease between 2020 and 2021.

As the number of MLSs drops, remaining MLSs are also getting larger. The average MLS subscriber count jumped 12.0 percent from a year ago to 3,488 subscribers.

Of the 536 MLSs in the country at the end of 2020, 108 are regional MLSs (a regional MLS is defined as one either owned by two or more Realtor associations or one that serves regional markets), and 428 are local MLSs, which have a single Realtor association owner. The number of regional MLSs held steady from a year ago, but the number of local MLSs dropped by 20 over that year.

ORE 200
The 1,057 local associations recorded in the 2022 ORE 200 is nine fewer than existed at the end of 2020, a drop of 1.0 percent. The data also reveal that local associations continue to get larger with average local association member count growing 8.4 percent from 2021 to 2022. Over the last two years, the average member count has jumped 14.5 percent.

While the total remained the same over this period, the size distribution shifted toward local Realtor associations with larger membership bases. For example, the number of micro associations (those with 200 and under members) dropped from 375 to 341 over the course of 2021, and the number of mega associations (those with 5,000 or more members) rose from 65 to 71 over that same period.

State Realtor Associations
Reflecting the increased population growth in the South and Southeast, the Florida Association of Realtors became the largest state Realtor association in 2022 with 214,133 members as of December 31, 2021, surpassing California, which had previously stood at No. 1. Texas came in at No. 3 with 147,196 members.

Together, these three state associations have 573,633 members (brokers and agents), accounting for more than one third (36.7 percent) of the nation's total Realtor membership. As these three states only account for 26 percent of the nation's population, this stat reflects the outsized role real estate plays in those states.

"Every year in the ORE 200, we track how organized real estate is growing and changing, and 2022 demonstrates how local Realtor association and MLS organizations are a reflection of the shifting real estate marketplace." said Clint Skutchan, T3 Sixty senior vice president of organized real estate. "Many organizations are looking at how they can increase their service and achieve economies of scale by growing larger and partnering with others; the 2022 ORE 200 shows us to what extent this is happening."

The MLS 200 and ORE 200 also rank the largest organizations by four geographic regions: Midwest, Northeast, South and West. All three ORE lists can be found at realestatealmanac.com. The MLS 200 and ORE 200 and the state Realtor associations, released online each February, is the second section of the Real Estate Almanac from T3 Sixty, an annual compendium of everything real estate.

About the MLS 200 and ORE 200
The MLS 200 and the ORE 200 comprise section of the Real Estate Almanac. They rank the nation's MLSs, local Realtor associations and state Realtor associations by membership count. Released every February, current year data can be accessed online here.

About the Real Estate Almanac
Every year, T3 Sixty analyzes and publishes a comprehensive report on the industry in the Real Estate Almanac. It is composed of five components, published sequentially online in the first five months of each year: executives (SP 200, January); organized real estate organizations (MLS 200 and ORE 200, February); technology providers (Tech 500, March); holding companies, franchise brands and public companies (Enterprise, April); and the nation's largest brokerage companies (Mega 1000, May). All research, analysis and rankings are compiled every year by the team at T3 Sixty. More information at realestatealmanac.com.

About T3 Sixty
T3 Sixty is the leading management consultancy in the residential real estate industry with business units in brokerage, technology, mergers and acquisitions, and organized real estate. The group also provides software and data, extensive research and reports, executive search and event management services. For more information, visit t360.com.

Media Contact

Chris Reilly, T3 Sixty, LLC., 9493972108, [email protected]

SOURCE T3 Sixty, LLC.

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