Today I’ll pull back the curtain a bit on the real estate industry and share some interesting statistics about it.
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Here are six statistics about the real estate business I think you might find interesting:
1. 93% of all homes sold nationwide are sold by only 7% of the agents. The reason for this is many “agents” obtain their real estate license not to actively work in the business, but rather so they can make a few extra dollars in the event that a friend or family member needs to buy or sell a home somewhere down the line.
2. 60% of your home’s marketing plan is determined by pricing your home correctly.
3. Real estate commissions range from 4% to 10% of the sale price. A 10% commission typically happens with large commercial acquisitions, while a 4% commission is usually a discount rate agents offer to sellers.
A 10% commission typically happens with large commercial acquisitions, while a 4% commission is usually a discount rate agents offer to sellers.
4. The average transaction, from inception to closing, takes a minimum of six weeks.
5. The average agent sells 2.3 homes per year.
6. 87% of all licensees can’t afford the $200 reinstatement fee.
If you’d like to learn some more interesting real estate statistics, you have any questions about our market, or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.
5. The average agent sells 2.3 homes per year.
6. 87% of all licensees can’t afford the $200 reinstatement fee.
If you’d like to learn some more interesting real estate statistics, you have any questions about our market, or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.
