I’m sharing why your average commission may have risen by $2,000 in the last five years.
I have exceptional news for you: Did you know that over the last five years your average commission per transaction increased by $2,000? Back in 2015, the average commission was roughly $7,000. Today, it’s up to $9,000 per transaction. Those numbers are coming from the median price in Maricopa County.
In 2015 the average home value was $233,000. Every year since saw an increase, and in 2019 the average value was $306,500. I’ve been in real estate for 33 years, and that’s the highest median price I’ve ever seen. Overall, the median price has risen by 31.5% in the last five years. This, of course, helped to increase your commission.
What are you doing with that extra commission? Do you own real estate? If you bought a property back in 2015 for $233,000, it would possibly be worth $306,000 today. That’s a considerable boost.
“I’ve been in real estate for 33 years, and that’s the highest median price I’ve ever seen.”
My challenge for you is to buy real estate. Help your clients understand this particular model. To download the graph mentioned in the video above, click here.
If you have any questions about your rising commission, feel free to reach out to me by phone or email. I would love to discuss this with you further.