ADDED
is a holding company that, through its subsidiaries, is engaged in the real estate services business.
Douglas Elliman owns Douglas Elliman Realty, LLC, one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, the Hamptons, Westchester, Connecticut and New Jersey, and also conducts operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Maryland, Virginia, and Washington D.C.
We also offer, including through our subsidiaries and ventures, development marketing services and ancillary services, such as mortgage, title and escrow services.
The average transaction value of a home we sold in 2025 was approximately $1.86 million significantly higher than our principal competitors.
We are bringing innovative, technology-driven solutions to Douglas Elliman by adopting new technology solutions for our agents and their clients.
In addition to entering business relationships with these technology companies, we have invested in property technology, or PropTech, companies and leveraged our relationships to provide these companies with access to our agents and their clients, as well as our knowledge and experience.
Since 2021, according to the National Association of Realtors, or NAR, existing home sales have declined or remained flat compared to the previous year.
In 2025, existing home sales were 4.06 million, which was flat with 2024.
Although sales in 2025 and 2024 were little changed from 2023, when sales of existing homes were 4.09 million units, existing home sales in 2025 were the lowest since 1995.
By comparison, our average sales price increased by 11% to $1.86 million in 2025 from $1.67 million in 2024.
REMOVED
is a holding company and depends on cash payments from our subsidiaries to pay dividends on our common stock; Our liquidity could be adversely affected by conditions in the financial markets or the negative performance of financial institutions; Investors expectations of our performance relating to environmental, social and governance factors may impose additional costs and expose us to new risks; We are periodically subject to claims, lawsuits, government investigations and other proceedings.
is engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies.
We also offer, including through our subsidiaries and ventures, ancillary services, such as property management, title and escrow services.
Strategy Since its inception in 1911, Douglas Elliman has challenged the status quo of the real estate industry.
The average transaction value of a home we sold in 2024 was approximately $1.67 million significantly higher than our principal competitors.
Douglas Elliman is focused on digitizing, integrating and simplifying real estate activities for our agents and elevating their clients experiences.
We are bringing innovative, technology-driven PropTech solutions to Douglas Elliman by adopting new PropTech solutions for our agents and their clients and investing in select PropTech opportunities through our subsidiary, New Valley Ventures LLC.
In addition to entering business relationships with these PropTech companies, we are committed to creating over time a dynamic portfolio of PropTech companies by leveraging our relationships to provide them access to our agents and their clients, as well as our knowledge and experience.
Despite various agentless models such as iBuying, approximately 90% of sellers and 88% of buyers were assisted by a real estate agent or broker when selling or purchasing their home between July 2023 and June 2024, according to the National Association of Realtors, or NAR, highlighting the central role agents continue to play in real estate transactions.
Agents are able to generate significant repeat business from clients and referrals, with 66% of home sellers between July 2023 and June 2024 choosing to collaborate with an agent they had used in the past or from a referral, according to the NAR.