Realtor Survey Concludes Experienced Agents Survive While Newer Agents Wither
INDUSTRY NEWS
May 22nd, 2009
Inman News reported recently the results of a national survey detailing Realtor income during these lean times. Based on the findings, the median income dropped 14% in 2008 to $36,700. Those agents in the business 2 years or less made $8,600 before taxes and expenses while those in the business at least 16 years grossed $53,900.
The National Association of Realtors also reported that membership in the country’s largest trade association plunged from a high of 1.34 million to 1.2 million in December 2008. 73% plan to remain active in the business for the next two years, down from 77% in 2008.
Some other items of interest:
- 9 out of 10 Realtors said open houses were of limited use in generating business
- 86% specialize in residential sales, up from 74% in 2005
- Agents reported closing a median of 7 transactions in 2008 compared to 8 in 2007
- 27% of agents with less than 2 years experience completed no transactions in 2008
- The median age of Realtors rose from 52 to 54 from 2008 to 2009
- The average years of experience increased from 8 years to 10 years from 2008 to 2009
- Median net income fell 14% to $23,200 in 2008, in line with falling home prices and sales volume
- Only 7% of Realtors blog, down from 8% the year before
If you are looking for an agent with more than 25 years experience, give me a call.
530-224-6767 or 530-941-7492
BRAD GARBUTT
REALTOR/BROKER ASSOCIATE
REAL ESTATE PROFESSIONALS GMAC
CORNER OF COURT AND PLACER
QUARTER CENTURY LOCAL REAL ESTATE EXPERIENCE
Hi, nice posts there
thank’s for the interesting information