Real Estate Agents by the Numbers
According to the Department of Labor, employment of real estate brokers and sales agents is projected to grow 6 percent from 2016 to 2026. This syncs up with the average for all occupations; employment generally follows the overall health of the economy and the real estate market.
Here are some more real estate agent numbers, provided by the Department of Labor:
$46,410 – median pay annually
$22.32 – median pay hourly
444,100 – number of jobs available
The National Association of Realtors reports the following stats:
53 – the median age of realtors. The typical realtor is a 53-year-old white female who attended college and is a homeowner.
63% – the percentage of realtors who are female.
10 – median years of real estate experience by realtors.
4 – median years of tenure at realtors’ present firm.
91% – of realtors use social media to some extent.
52% – the most popular smartphone is the iPhone, followed by the Android OS (45%), and the Blackberry (3%).
$501-$2,000 – the amount that realtors invested in technology in the last 12 months. More specifically, 27% of agents and 21% of brokers.
54 – the age of the average home seller in 2015.
$100,700 – the median household income of the average home seller.
10 – the number of years the average home seller has lived in their home.
89% – the percentage of sellers who were assisted by a real estate agent when selling their home.
4 – the number of weeks the typical home was on the market before being sold.
64% – the percentage of sellers using a real estate agent who found their agents through a referral by friends and family.
25%– the percentage of sellers who used the agent they previously worked with to buy or sell a home.
70%– the percentage of home sellers who would definitely use the same agent again.
8% – the percentage of homes sold by owner (for sale by owner, or FSBO) in 2015.
$185,000 – the average sale price of a home sold by owner.
$240,000 – the average sale price of homes sold with agent assistance.
The Association of Real Estate License Law Officials (ARELLO) estimates that there are about 2 million active real estate licensees in the United States.
Click here to find out how eCommission can help you improve your own numbers.