Surprised by realtors

The National Association of Realtors just published data regarding their annual member profile survey. It was based on responses from nearly 6,500 Realtors. Key points of information included income, homes sold, experience, etc.

The good news for Realtors is that their income rose last year due to rising home sales and prices. But I was a bit surprised by the information. The average Realtor earned $47,700 last year compared to $43,500 in 2012 and $34,900 in 2011.

Also somewhat surprising is that the average number of transactions, in other words the number of homes bought or sold, remained unchanged from last year at 12. This average has returned to reflects pre-recession levels.

Finally, I was surprised that the age demographics are changing within the Realtor ranks. The years of experience dropped from an average of 13 years to 12 years. The average age fell by one year to 56 years of age. Most surprising is that 9% of agents have one year or less of experience.

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