Anywhere Real Estate's Q2 2025: Navigating Contradictions in Listings, Pricing, and AI Impact

Private listings policy and consumer transparency, impact of lower prices on transactions, impact of AI on industry, mortgage capture improvement and strategic timing, and potential for additional cost savings in 2026 are the key contradictions discussed in Anywhere Real Estate's latest 2025Q2 earnings call.



Strong Revenue and Operating EBITDA Performance:
- Anywhere Real Estate reported $1.7 billion in revenue for Q2, an increase of 1% year-over-year, with $133 million in operating EBITDA.
- The growth was supported by a strong balance sheet and strategic investments in AI-driven initiatives, enabling the company to capture scale and operating efficiencies.

Volume Trends and Market Performance:
- Closed transaction volume was flat year-over-year in Q2, but July saw an uptick with mid-single-digit growth in units and price.
- This improvement is driven by robust agent recruiting and retention efforts, particularly in luxury markets like New York City, despite challenges in markets like Florida.

AI and Innovation Integration:
- The company is leveraging generative AI to enhance brokerage transaction processing, with 33% of Coldwell Banker brokerage document submissions now automated.
- Anywhere is integrating AI-driven tools to improve agent and consumer experiences, such as Listing Concierge, and expanding its AI capabilities across all business units to drive efficiency and growth.

Recruitment and Retention Strategies:
- Anywhere's Advisors recruited 625 productive agents in Q2, with a 31% year-over-year increase in business recruited, and achieved a 95% retention rate among productive agents.
- The success is attributed to a compelling value proposition, industry-leading support, and robust agent retention efforts, particularly in luxury brands.

Cost Management and Savings:
- The company achieved $25 million in cost savings in Q2 and $39 million year-to-date, targeting $100 million in savings for 2025.
- Cost savings are driven by operational excellence, transformative AI initiatives, and strategic capital allocation, contributing to financial flexibility and future growth potential.