Today I have some interesting statistics about real estate agents in the Valley, and an opportunity for those Realtors who want to improve their numbers.
There are almost 38,000 active licenses in the Valley today that are Realtors, plus additional non-Realtor licenses as well. There are over 4,200 real estate offices in the Valley.
One interesting statistic that stands out to me is that 15% of active agents have left the business after just one year. That’s about 5,700 agents who no longer have a license.
10% of agents, or about 3,800, are only in business for 24 to 36 months. After three years in the business, an additional 5% of the remaining agents leave. So once you’ve made it past four years in the business, you can expect to be doing pretty well.
Throughout 2016, the number of homes sold in the Valley was 88,713. Given the current number of agents that are active, that’s only 2.36 homes per agent! Our agents at RE/MAX Professionals sell 10 times that average. Some of our agents have sold over 100 homes in the last year.
So if you have any questions on how to become a better real estate agent, we offer free training to anyone interested. You don’t have to join our company, but we would love to see you come through. We’ve created a better business model that focuses on helping regular agents become legendary agents.
If you have any questions about our free training, please give me a call or shoot me an email. I’d be happy to help!