Thank you, our Andy, joining and thanks to today. call everyone for
second count agents worldwide in for the XXX,XXX history topped during quarter. Our our agent the first company's time
helped offset U.S. driven expansion the the international revenue in agent U.S. lower Mortgage Motto growth uneven healthy Continued conditions housing and by Canada. and in market RE/MAX
highlighted performance of Our differentiated the our strength second business. quarter
in recurring asset-light a market. end resilient primarily delivered and results streams revenue diverse Our challenged business
our proposition meaningfully structure, cost and in our future manage our investing while closely opportunities. to strategically continue growth and value network, We
of versus included adjusted million, share, the quarter million, up X% to and revenue QX second performance almost $XX.X quarter acquisition EBITDA up EPS January on up the per of of due Xst. over X% year’s XXXX. $XX.X Adjusted of last Highlights Marketing Funds the of $X.XX
the XXXX. technology by RE/MAX imminent across of remainder is to platform powered by through the be launch followed rollout staged regions a The of Booj company-owned
Another agent has brokerages. substantial milestone. and a independent status achieved continues reconfirmed and grow the a as large of multi-year among recognition, major leader trend in recently to Continuing recently our Motto report industry's Mortgage productivity
Let's begin here.
Looking continues our pace. a Motto Mortgage X, at expand at Slide to brand solid
franchises Motto rate designed an Our improvements on we to process between it opening their reduce the day time the are a stores of accelerated at continuous purchase and as the opens. franchise focus
so regardless XXXth recently is stores. to industry fact, achieve Motto its introduction. notable of franchise its opened soon This any for a In after franchise our accomplishment
and own in steady in milestones celebrating XX their than and interested mortgage nicely. investors Motto's three also business for presence was remains for financial the we states, mortgage offers to XXX franchise independent Interest for aim Motto open services. over more growing future. more launched owning to less current to brokerage years convenience options, providing by firms, transparency, only not creates the Motto seeking opportunities ago, professionals a estate consumers. with in With in forward but ancillary the real Motto industry upend businesses offices look and opened is
ranking of real in Estate the annual and Berry. X. Slide agents is real Tom world's year real of RE/MAX other best estate always agents, RE/MAX to of stars best ranking to any any of continue recognized America's more other our that RE/MAX industry. the the view. estate been brand. RE/MAX real has The agents, to of confirm and more brokers network. third-parties all participating than throughout being the for Trends real best home for professionals rooted consecutive the REAL professionals and been has with America's productive estate producers being RE/MAX top Turning members home has and fifth of RE/MAX is estate by most known teams agents to XX% Real of brand in This strength than agents had network the industry the America's more Network estate the
agents consistent dedication unmatched and businesses productivity, are to their talent, and clients. in their and Our
Moving to Slide X.
trends Although remains time the recent many and the Report, the May improved the second to XXXX. is June of during for the decline this U.S. This not the month extent more is June. June of the June month only compared we May According month has closings expected. the to-date most sales housing XX-year incrementally and from the is months, had home and saw Housing National of because quarter has RE/MAX housing strongest history several second typically up X.X% past market month to X.X% to than the subdued report's from notable our sales picked
month typically highest be likely year will June year posts The of sales given median in a the also this and price calendar exception. no
impact was an report. June median all-time the the the Ultimately each its watching sales. of price three months of to fact, overall have sales which of May. was a appear to pace higher had prices kept median the X.X%. months, for June solid in affordability compared Furthermore figures relatively high price the a just record sales moderation The of In in the June's was jump June's prior for home recorded after June's median increase median worth of from high it $XXX,XXX and not topping price XXXX. sales of XXXX; in year-over-year sales $XXX,XXX history on accelerated sales X.X% only than record less price than increase price is
XX the rebalance. August to XXXX. favorable ninth consecutive rates trends along in over metro mortgage year-over-year the longer-term inventory in Housing Report's first in inventory market are demand remains our with that ongoing it Improving the grew units and with month reports as June for rise supply history. sale for sales And since inventory while most had a June concern, as encouraging continues June levels, inventory news June areas Positive buyers very X.X% slowing, the increased making XXXX, for is
half the move remain we the second improvement. show optimistic through of housing XXXX, U.S. will that market cautiously we signs of As
over XXXX agents X% global an the with Flipping a X, quarter year-over-year. over second our and XXX,XXX to Slide of increase record, we in of finished network,
count agent Argentina, lead in continues than grow the to pace. the pack Our added gain and of global of XX healthy India, such outside a Countries strong more Europe, Portugal, and past Asia, top continue XX%. this a months, the drove our growth. X,XXX international South of performers. at We agents to America, Canada U.S. over and Parts as Southeast
X. Slide to Moving
While count market by pressured, the U.S., robust particularly we internationally remain in agent and U.S. Canadian and competition. saw shifting results housing strong growth conditions our the
Canadian agents XX steady Quebec. by right, in on our agent count shown gains As by grew the highlighted and Ontario
of enjoyed in where year. a performance resilient Our we Canadian our changing Canada market market. net gain in June's Notably best monthly over was the share face agent remains result a dominant in
which you our more the X.X% down count a the year-over-year is can see we left, agent than anticipated at by U.S. the On bit beginning of year.
most count last peaked the U.S. before last summer the right market fall. abruptly recently year of cooled in Our
the quarters existing agent U.S. the home lag the historically on existing double-digit declines contributed agent Our to sales two uneven has has of near count heels quarter moved we in our home experienced count. that weak with sales. during performance directionally The
count normal been market less slower result than earlier, recruiting the our expected as agent has highly anticipated. I favorable environment mix a contributing a amid softer and competitive than has overall as been mentioned than Furthermore, to
regions been performance own west on in being general, count this count the regions agent have better. substantially where south annual agent east our revenue and and geography lesser agent for weaker means U.S. rest impacts based in has company our north the of outlook derive XXXX. more varies with that fared while per performing and the Unfortunately we
our there to changed never a than a has environment Although nothing been that better be recent we has anticipated, broker, belief challenging RE/MAX the right or now. than time more agent, been team has about
unique productive our agent in Our one unmatched model, and name global estate. core real centric advantages competitive world's the remain number most network, place, the footprint, in our
RE/MAX Nobody business position and the member sites sells that transaction every of for more our estate residential terms in of than in organization. leadership world creates opportunities real
grow create ability confident our short shareholder remain over in value Looking ahead, long-term. the both to we and and
are We our on focused growth across network. bolstering
with agent engaging U.S. We an our manner our priority. as growth reinvigorating in are and count brokers top a unprecedented
example this Booj focus technology. platform than step the estate impending no in of the launch function of better real a is There
Let's spend a moment discussing this further.
technology. processes real and business. product iterative We suite victory. within our set agents Instead spring, unique strong simply in we've that note very It of entrepreneurial we productive product network, Turning with building by it network to customize an simultaneously deliberate the the development rebranded landmark short-term for cultivating for acquisition Beta technology is have a a important culture while After through We stack, and brokers. Booj represents Booj's about given outstanding culture, supercharged estate mouth and our longer-term long platform introduction our company. the truly exhaustive paired agents Slide word most in of legacy we sacrifice declared strategically and custom-built with X, engaged fully Alpha productive the powerful, benefits. has productive the already network integrated the moment network. of the world's and of teams took the and gain suite, collaborating for history highly our our it the our to of products by impressive most been last Never could great such our to been and unique of advocacy substantial supported
We updates enabling in continuous beginning, process, fast product the in adopted future. deployment the innovation slow a and went constant to the go can continuous we suite. so integration, We've ongoing
The Booj enhancing businesses relationships. and by productive and teams, consumers, that the agents, experience. proactively making centralizing interactions, We long highly products are and more is enables their our suite manage, game about the productive an brokers, more It's successful of integrated easier even with making playing network and here. to the connections platform grow establish,
the product next with products productivity released of tools. be integrates core tools with CRM, platform the will first suite. These Booj around the few centre set platform over agent that The weeks within core be management of the deeply comprehensive to the the
cultivation, addresses agents importantly challenges and experience. client management, including have building identified one's engagement The management the and business platform lead main brand, digital and transaction
of platform the to the to will this next Following then year. company-owned offer regions it we our regions fall, independent Canada in beginning rollout participating
physical the and footprint the our our in technology connect platform global can take amazing create residential believe, a real Booj of platform our to our provide this with next Booj plan the the we XXX The many teams. we globally. Through agents, the territories, unmatched global the we're platform adoption in Ultimately of countries transformational over The years. and truly to and over only few brand, way. marketplace brokers, combination ability network platform, benefits to estate a footprint should
management in use Let me our the initial focus productivity, communicating to of of platform system Everything agents, mind. use, encourages integration, imports kept customers to of ease mind. facilitates top most compelling lead an designed experience make adoption efficient contact with the ease has business. painless always an This briefly cultivation touch advantages: of and development the From their about potential the part to information mobility. on and five with is and profitability, of to brokers transaction essential teams, of and use ease team
Perhaps be in too talk highly product spend one of fully currently its helping to logging third-party homes. buy our virtually all them and even marketing, Booj our suite saver with teams integrated integrated biggest spend for another. affiliates them huge putting and freeing place. websites which teams, a efficient and is is, the sell of platform fully brokers, and none making The selling consumers and multiple our is everything systems patchwork in up to more network quilt on point much their how CRM productive of communications own should time information needs one agents, time more This agents tech more time and
Booj saver adoption real for be network. The of can the a also platform our money
no our the a For incremental free in platform. Booj agents, to It's use is there company-owned sense. cost
the already As brokers the in is agents included and cost and fees our pay. dues
of Brokers, sums money. many our of be proposition introduction significant displace teams, of the the to agents, to platform Booj should our in to increase third-party greatest they pay history. tech the fact, value whom vendors the able and single In cost is arguably
improvement Productivity opportunities abound.
has Our everything. about team development laser focused on been just automating
build new customer well and the opportunities. Additionally, Booj in should in platform through the ability increase consumers ways improve to allows features and agents one's conversion brand. as the and lead digital features like toolset which repeat rates to and These our our teams and lead experience turn compelling cultivation management connect as with referral
in software lives a in-house. their history retain consumer today's element insightful One of mobile of world. mobile Lastly, years decision the development ago is underappreciated to Booj's
being year's mindset retrofitting soon development This to app mobile just in consumer-facing a beginning. and our and our mobile led out agents design by desktop powerful very this introduced software Booj first to And needed. especially Booj's end. the CRM team the as a years with For rolled the slated has is be apparent is apps for
supplemented the remax.com. data to will come re-launch the set and of a by platform Still a collection app of be supporting greatly consumer-facing richer enhanced our
always been innovator important been for has of RE/MAX Trading value our leader and has and an industry an proposition part many years. University
to as and be as will logistical our of the affiliates is to in a challenging the The rollout of well strategically to training in but other increased have launch resources technology prepared understand have in investment We team a full adopt We and ready connected Booj Booj our advance platform tools technology team engagement platform. new the the go. our exercise help products now ecosystem.
an pay-off. those thousands all and consuming functions who well participated contributed everyone and feedback. as and time, of tech been selflessly our invaluable the of training confident many for We investment company effort agents and in brokers thank we their effort, will in time our resources has and the particularly are This as who has to-date
new is advantages to for new get and wait creating a a agents, teams, and we forward day and can't our of deployment alike. for technology step RE/MAX The brokers RE/MAX started. competitive for huge efficiencies It's
call to With like that, over the Karri. turn I'd to
