72SOLD ranks as one of fastest-growing private companies in U.S.

Scottsdale-based 72SOLD has grown rapidly across the country since it launched in 2018 and is currently offering its home selling program in over 80 major United States markets.

For the third time, 72SOLD makes No. 211 on the 2024 Inc. 5000, an annual list of the fastest-growing private companies in the nation and ranks as the No. 1 real estate firm in Arizona and the Western U.S.

It’s also ranked as the No. 2 real estate firm in the U.S. and No. 8 among all companies in Arizona, according to a press release.

The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia and many other household-name brands gained their first national exposure as honorees on the Inc. 5000, the release stated.

“It’s an honor to be part of the Inc. 5000 list for a third year in a row,” 72SOLD CEO Greg Hague said in the release. “Last year we were in the Top 5 fastest growing real estate firms in America, and we are in the Top 5 again. Why? Home sellers who use our program walk away with thousands more from their home.

“In fact, a study released in 2024 showed that 10,252 home sellers who used agents certified on the 72SOLD program averaged 7.8% higher prices than other homes sold in their local MLS.”

Hague compared 72SOLD and traditional real estate to Uber and the taxi business.

“Traditional real estate needed a wake-up call, and we’re the loud alarm that’s making it happen,” he stated.

The success of 72SOLD is founded on a now proven theory that traditional home sale processes developed before the Internet should not be used today, Hague explained in an email to the Independent. Those were developed when buyers shopped for homes by newspaper and magazine ads and by driving around looking for sale signs.

So, 72SOLD developed a home selling program that corrected 12 mistakes traditional agents were making in light of buyers’ changed shopping experience.

The Inc. 5000 list represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges, according to the release. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. The three-year revenue growth of 72SOLD is 1,894.57 percent.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location and other criteria, go to inc.com/inc5000.