T
he end of earnings season is a good time to reassess the real estate services sector. Let's examine how stocks in this space performed during Q1, starting with Redfin (NASDAQ:RDFN). Technology has both helped and hindered real estate services - it increases visibility for buyers and sellers but also threatens traditional agents who rely on information asymmetries.

    The 13 real estate services stocks we track reported a solid Q1. As a group, revenues exceeded analysts' expectations by 2%, while next quarter's revenue guidance fell short by 0.9%. Share prices have remained steady, with an average increase of 2.5% since the latest earnings results.

    Redfin, founded by a former medical student and Amazon data engineer, offers brokerage services through an online platform. The company reported $221 million in revenues, down 2% year-over-year, which met analysts' expectations. Redfin's adjusted operating income beat estimates but partner transactions fell short. CEO Glenn Kelman said profits were at the high end of guidance.

    The stock is up 17.4% since reporting and trades at $10.37. Another standout performer was The Real Brokerage (NASDAQ:REAX), a Toronto-based technology-driven real estate brokerage firm that reported revenues of $354 million, up 76.3% year-over-year, outpacing analysts' expectations by 6.3%. The company's EPS and EBITDA estimates were also beaten.

    The Real Brokerage scored the fastest revenue growth among its peers, with a stock price increase of 1.1% since reporting. It currently trades at $4.51. eXp World (NASDAQ:EXPI), founded in 2009, is another real estate company known for its virtual, cloud-based approach to brokerage.