The business, housing and tech website, AGBeat, recently posted an informative article regarding a recently released Member Profile conducted by the National Association of Realtors® (NAR). The 2013 NAR Member Profile recorded a variety of statistics from realtor experience to specific industry challenges and behaviors. Most notably, the statistics revealed a positive shift in realtor® sales and income.
According to the NAR Member Profile, income and sales are up for realtors for the second year in a row following nine years of decline. NAR predicts a new wave of realtors to enter the field, citing the attractive statistic as an incentive for people to jump on the real estate bandwagon.
Among other statistics, the NAR Member Profile revealed that brokers and realtors with more experience topped the income ladder with brokers earning $54,900 over sales agents who reported a median income of $34,000. Realtors with 16 or more years of experience earned $57,300 and received 40 percent of their business from repeat business. It was also noted that many realtors in residential sales diversified to increase earning potential during times of fluctuation.
One of the most surprising statistics was the percentage of Realtors who did not participate fully in the online space. Thirty six percent of Realtors do not have their own website and 88 percent reported to be without a blog while 56 percent say they use social media.
For challenges, one in three Realtors reported that obtaining a mortgage was the largest obstacle in a real estate transaction along with tight inventory levels.
Here are a few other notable statistics:
- Realtors average 12 sales per year, up from 10 in 2011
- 57% of realtors are women
- Less than 6% of realtors are under the age of 34
- Half of all realtors are sales agents
- A typical realtor has 13 years of experience
- 90% of realtors own a home
Fine the full article along with more statistics here.