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Sign into your accountWhy Isn't Redfin Bigger?
April 21 2019
In the Beginning...
Ten years ago, if pitched you a company that is building a fully integrated technology platform in the real estate sector and would soon have hundreds of millions of visitors to its website annually with so many leads it passes them off to agents at other brokerages, you'd probably open your wallet to invest.
If today I told you that company has a less than one percent market share (0.81 percent by value of homes sold per Redfin), you'd likely be disappointed. Why? Because with all the tech, capital, leadership, and traffic, Redfin has been unable to meaningfully take market share across the country.