National Association of Realtors Statistics
According to the national association of Realtors has some great statistics on why everyone should use a Realtor to buy or sell their home. As of April of 2017 there are 1,236,5444 Realtors. If you break that down 65% of Realtors are sales agents, 22% are Brokers and the remaining 15% are associate brokers. All Realtors in the Denver Foothills area all agents are actually associate brokers including Evergreen, CO Realtors.
If you are planing on selling your Evergreen home for sale by owner you might be interested to know FSBO only accounted for 8% of total sales in 2015. The average sale price was $185,000 compared to $240,000 for agent assisted home sales. Only 33% of FSBO sales were contributed to yard signs so you will need to do a little more that sticking a sign in the ground.
Realtors know the market and understand how to properly price a home. It is very difficult to price a home in the foothills. There are no 2 homes or properties alike. They are much more different than say down the hill in Denver where most lots in a neighborhood are the same, all the home built the time, and pretty similar in many ways. It takes a professional figure out and to know if your 5 acres of unusable land is valued the same as 2 acres of usable land just down the road. Weather your view adds to your value and how much. Realtors know the area.
Realtors have a great network and technology that are at their disposal. Now not all Realtors in Evergreen and the Denver Foothills use this technology the way I do but they do have the option. It is kind of puzzling that some Realtors don’t use technology when so many clients of mine find their dream home on my website. Not to mention how many sellers have had their homes found and sold from my website. The technology is there so it should be used.
Also keep in mind that not all real estate agents and brokers are Realtors. As a Realtor one must complete ethics classes, contract update classes and be in good standing. Knowing someone is a Realtor just gives that little added feeling of comfort in purchasing the biggest investment most people will make. Realtors take great pride in their industry and most are professionals and have your best interest in mind. So you will want to consider employing a Realtor for your next real estate transaction for no other reason than a piece of mind.
National Association of Realtors Statistics: An Overview for 2023
The National Association of Realtors (NAR) provides a wealth of statistics that offer insights into the real estate market. As of January 2023, there were 1,548,058 Realtors, and the total membership of NAR has now reached approximately 1,550,720. These statistics reveal the scale of the real estate industry and the number of professionals working within it.
Breakdown of Realtors
Out of the total number of Realtors, 67% are female, and the average Realtor in the US has at least 8 years of experience and is 52 years of age. This demographic information provides a snapshot of the typical Realtor in the United States.
Role of Realtors
Realtors play a crucial role in the real estate industry. They have an in-depth understanding of the market and know how to price a home accurately. This expertise is particularly important in areas like the Denver Foothills, where no two homes or properties are alike. Realtors also have a vast network and access to technology that they can leverage to serve their clients better.
Importance of Technology in Real Estate
The use of technology in real estate is becoming increasingly important. Many clients find their dream homes on websites, and sellers have had their homes found and sold through online platforms. Realtors who embrace technology can provide a better service to their clients and stay competitive in the market.
For Sale By Owner (FSBO) Statistics
In the context of FSBO sales, it’s interesting to note that these only accounted for 8% of total sales in 2015. The average sale price was $185,000 compared to $240,000 for agent-assisted home sales. These statistics highlight the value that Realtors bring to the table in terms of achieving higher sale prices.
Real Estate Market Trends in 2023
According to NAR, May 2023 saw 4.30 million in sales, a median sales price of $396,100, and 3.0 months of inventory. These figures provide a snapshot of the real estate market in 2023.
NAR has also identified 10 real estate markets that it expects to outperform other metro areas in 2023. These markets include Atlanta-Sandy Springs-Marietta, Georgia; Raleigh, North Carolina; Dallas-Fort Worth-Arlington, Texas; Fayetteville-Springdale-Rogers, Arkansas-Missouri; and Greenville-Anderson-Mauldin, South Carolina.
The statistics provided by the National Association of Realtors offer valuable insights into the real estate market. They highlight the importance of Realtors, the role of technology in the industry, and the trends shaping the market in 2023. Whether you’re a buyer, a seller, or a real estate professional, these statistics can help you understand the market better and make informed decisions.