What are the top real estate agencies in Florida, Tennessee?

USA TODAY will publish its first-ever lists of the top real estate agencies in Florida and Tennessee next month.

The Florida list ranks the top 500 agencies, and the Tennessee list highlights 300 top-performing firms.

Market research firm Statista , which partnered with USA TODAY, leveraged Multiple Listing Service (MLS) data to rank agencies based on the following four key areas:

• Revenue: Total revenue generated in 2023 and average revenue over the past three years.
• Price performance: Ratio of the final sales price to the original listing price.
• Sales volume: Total number of properties sold each year as well as the average number of sales per agent.
• Success rate: Percentage of successful sales versus failed listings as well as average time on the market before selling.

Why Florida and Tennessee? They are among the top 10 states with the highest population increase in the past few years. And they are home to some of the hottest housing markets in the country. Florida's warm, sunny climate is a popular draw for tourists and residents alike. With its high quality of life and low cost of living, Tennessee also has become attractive to people who are leaving expensive cities.

Their popularity grew during the COVID-19 pandemic, which made it easier for people to live in a different state from their employer.

Winners of “Florida’s Best Real Estate Agencies 2024” and “Tennessee’s Best Real Estate Agencies 2024” will be notified by Statista on Aug. 29 and announced in USA TODAY on Sept. 26.

You can find more of USA TODAY's work with Statista on top financial adviser firms and climate change leaders .

This article originally appeared on Naples Daily News: What are the top real estate agencies in Florida, Tennessee?