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Two prominent Connecticut real estate companies have earned spots in an annual ranking produced by brokerage consultancy T3 Sixty, and a second produced by industry publication RealTrends.

The 2023 Real Estate Almanac put Shelton-based William Raveis Real Estate as America’s 19th-biggest real estate company by volume, with $18 billion in sales nationwide in 2022. Like nearly every other company on the list Raveis’ sales volume was down year-over-year – by 14.1 percent in Raveis’ case. The ranking combined brokerages’ owned and affiliated offices.

With 23,520 transaction sides last year and 4,380 agents, Raveis missed out on spots in T3 Sixty’s ranking of real estate companies by agent count and transaction sides.

T3 Sixty said few companies shifted spots in this year’s Real Estate Almanac rankings. Among real estate companies by volume, Redfin fell five spots amid its own struggles, from No. 7 to No. 12, and EXIT Realty (17) and Realty Executives (18) each moved down three positions. Peerage Realty Partners, which acquired controlling stakes in two large Sotheby’s affiliates in 2022, grew their sales volume by 79.3 percent in 2022 and entered the rankings for the first time, at No. 15. Also counteracting the market with positive sales volume growth were United Real Estate (30.7 percent sales volume growth), At World Properties (21.4 percent) eXp Realty (20.2 percent), and Hanna Holdings (2.7 percent).

“The financials and data reported by the nations’ largest real estate companies reflects the market’s big downshift in 2022, which was driven by increased interest rates and sustained low inventory,” Paul Hagey, senior vice president of T3 Data, T3 Sixty’s research and analysis division said in a statement. “The few companies that were able to grow their sales volume in 2022 did so through ambitious acquisition of large, existing firms or strategic franchise expansion efforts.”

Among franchisees ranked by sales volume, Stamford-based William Pitt-Julia B. Fee Sotheby’s International Realty took 11th place nationwide. The franchisee had 3,480 transaction sides and $5.76 billion in sales, and like many of its peers saw its sales volume fall steeply last year as rising mortgage rates took bites out of buyer demand and seller interest, in its case a 17.3 percent year-over-year volume decline.

“It’s not easy to maintain or increase sales volume, transaction sides or agent count in this challenging market,” Jack Miller, president and CEO of T3 Sixty, said in a statement. “We applaud all of the companies featured in this year’s rankings, and wish them an even more successful year in 2023.”

A separate ranking, the RealTrends 500, put Raveis and William Pitt-Julia B. Fee at first and second place among Connecticut-based brokerages by nationwide sales volume. Third place went to West Hartford’s Keller Williams Legacy Partners, while fourth went to Keller Williams Stamford. Raveis, William Pitt-Julia B. Fee and Legacy Partners repeated their performance when the state’s brokerages were ranked by transaction sides, but Southington-based Century 21 AllPoints Realty beat out Keller Williams Stamford for fourth place.