RE/MAX HOLDINGS, INC. - RMAX STOCK NEWS

RE/MAX's December 2024 Housing Report shows continued market momentum with home sales up 13.3% compared to December 2023 and 4.4% above November 2024. The median sales price reached $427,000, marking a 6.2% increase from December 2023, though slightly down (-0.6%) from November.

Key findings include: homes took longer to sell with average Days on Market increasing to 54 days; inventory levels remained 22.0% higher year-over-year despite a 12.4% monthly decline; and new listings rose 7.5% compared to December 2023. Buyers paid 98% of asking prices, maintaining the same ratio as the previous year.

Notable market performers included Denver, which saw a 26.5% year-over-year increase in home sales, and Burlington, VT, which led new listings growth at 32.1%. The report covered 52 metro areas, with varying performance across regions, highlighting continued challenges in affordability despite persistent demand for homeownership.

RE/MAX Holdings (NYSE:RMAX) has announced the appointment of Chris Lim as Executive Vice President and Chief Growth Officer, effective February 3. Lim, former President of Christie's International Real Estate and founder of Climb Real Estate, brings over 22 years of experience in real estate sales, franchise development, and strategic growth.

In his new role, Lim will oversee teams supporting franchise growth in U.S. company-owned regions, focusing on increasing agent count and expanding market presence. His track record includes accelerating agent growth at Christie's International Real Estate and leadership positions at @properties and Realogy Holdings. Lim has been recognized in the industry through inclusion in the Swanepoel Power 200 and as an Inman Innovator.

CEO Erik Carlson emphasized that Lim's appointment aligns with RE/MAX's commitment to evolve and strengthen its position in the real estate industry while enhancing support for affiliates.

RE/MAX Holdings (NYSE: RMAX) has launched the RE/MAX Media Network, becoming the first real estate brand to create a commerce media network. The initiative, supported by Kontrol Media, will leverage RE/MAX's digital ecosystem to connect advertisers with consumers during their homebuying journey.

The network will utilize RE/MAX's websites, email newsletters, and in-property digital displays, reaching 7.6 million monthly users with 53 million+ monthly page views. The platform boasts an average engagement time of 14+ minutes and 2.5 million+ registered users across remax.com and remax.ca.

This strategic move aims to create new revenue streams while providing advertisers, from home improvement brands to financial services, with targeted access to potential homebuyers and sellers.

RE/MAX's November 2024 Housing Report shows significant year-over-year improvements despite seasonal slowdown. Home sales increased 6.3% compared to November 2023, marking the seventh month in 2024 to outperform its 2023 counterpart. The median sales price reached $429,000, up 5.7% from last year.

Key metrics include: inventory up 25.0% year-over-year but down 4.3% from October; new listings increased 8.5% year-over-year but decreased 23.5% month-over-month; average days on market rose to 47 days; and months' supply of inventory reached 2.9. Buyers paid 99% of asking price.

Notable market leaders include Phoenix with highest new listings growth (+29.8%), Bozeman, MT with highest sales increase (+45.8%), and Hartford, CT with highest close-to-list price ratio (102.8%).

RE/MAX recently hosted the 2024 Elite Retreat in Napa, California, gathering hundreds of top-producing agents for masterminds, panel discussions, and celebrations of their sales success. The event featured insightful sessions on marketing tactics, client retention strategies, and productivity in market slowdowns. Amy Lessinger, President of RE/MAX, emphasized the upcoming opportunities with generational wealth transfer. The retreat included networking events, agent panels led by VP Ben Fairfield, and a keynote speech from American Ninja Warrior Alex Weber focusing on community and personal growth.

RE/MAX Holdings (NYSE: RMAX) has announced its participation in the upcoming Stephens Annual Investment Conference. CEO Erik Carlson and CFO Karri Callahan will represent the company at a Fireside Chat scheduled for Tuesday, November 19, 2024, at 12:00 p.m. CST. The company, which operates RE/MAX, a leading real estate brokerage services franchisor, and Motto Mortgage, the first national mortgage brokerage franchise brand in the U.S., will provide a live webcast of the event. Investors can access both the live stream and replay through the company's investor relations website.

October 2024 showed remarkable housing market activity with home sales increasing 6.7% from September and 8.4% year-over-year. While new listings decreased slightly by 0.7% month-over-month, they surged 14.8% compared to October 2023. The median sale price reached $430,000, marking a 4.9% increase from the previous year.

Notable market highlights include San Antonio's 24.6% year-over-year increase in home sales and Las Vegas leading new listings growth at 40.1%. The average days on market was 42 days, and buyers paid 99% of asking prices. The months' supply of inventory stood at 2.6, with active inventory up 28.4% year-over-year.

RE/MAX Holdings reported Q3 2024 results with total revenue decreasing 3.4% to $78.5 million. The company's Adjusted EBITDA increased 2.0% to $27.3 million, with a margin of 34.8%. Total agent count showed a modest increase of 174 agents (0.1%) to 145,483, though U.S. and Canada combined agent count decreased 4.4%. The company's performance was marked by operational efficiency improvements, despite challenges in the U.S. market where agent count declined 6.5%. Recent hurricanes Helene and Milton are expected to impact Q4 revenue by $1.0-1.5 million due to fee waivers for affected affiliates.

RE/MAX has been ranked #1 among real estate brands on the 2024 Franchise Times Top 400 for the 16th consecutive year, securing the #14 spot overall, up from #15 in 2023. The ranking is based on global systemwide sales. The company maintains its position as the largest real estate franchise network globally, with more than 140,000 sales associates across nearly 9,000 offices in over 110 countries and territories. Earlier this year, RE/MAX was also recognized in the Entrepreneur Franchise 500 ranking for the 40th consecutive year and was inducted into the Franchise 500 Hall of Fame.