PHOTO: Real Estate Agents
Back in 2013, CareerBliss announced that being a real estate agent is the single most satisfying job you could have. Obviously, this affected the national real estate market and led many people into this line of work. Who doesn’t want to be happy, right? Today, there are more than two million real estate agents working in the United States.
With so much active competition it’s important to stand out from the crowd.
Luckily, real estate statistics can help you gain insightful information about the market, homeowners, buyers, and real estate agents themselves. Impress a potential buyer with your extensive knowledge of the facts, numbers, and the most important real estate sales trends right now. Find out who your clients are, what they want, and learn about their buying habits. Discover your own most marketable qualities by scrutinizing the enormous competition at work today.
Top Real Estate Stats
- There are more than two million real estate agents in the United States.
- The median sales price for houses bought in September 2019 was $299,400.
- 73% of realtors use Facebook for their work.
- The average down payment for a new home is $59,880.
- An average US realtor has eight years of experience.
- 701,000 new houses were sold in the United States this year.
Real Estate Agent Statistics
1. 41% of buyers choose a real estate agent based on a recommendation.
(National Association of Realtors)
Nearly half of all potential buyers rely on recommendations from a friend, a neighbor, or a relative when choosing their realtor. According to NAR statistics, only 12% of buyers opt for agents they’ve worked with before. Does this mean that they have more faith in other people’s judgments or it’s just a matter of having bad experiences? Make sure you make a great first impression.
2. 52% of home buyers say the main purpose of a real estate agent is to find a desired property.
(National Association of Realtors)
Clients also need help when negotiating a price. About 25% of buyers rely on an agent to negotiate terms of sale or get a better price. If you think your main goal is to sell the neighborhood to the buyer and explain the benefits of a certain area, you’re wasting your time. Only 1% of buyers want to learn more about the neighborhood from the agent. Most of them have probably already done the research and gone through commercial real estate statistics beforehand.
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