The chart shows how many Minnesotan’s are Realtors and the data is from the national association of Realtors. (NAR) Realtors are members of the national association of Realtors and Realtor is not a job title it is a membership. Not all Realtors have real estate licenses and not all members sell real estate but a large percentage of us do.
A person with a real estate license can sell real estate without being a member of the NAR, yet the numbers on this chart accurately reflect a trend. The number of Realtors is rising but very slowly. There 19,515 Minnesota Realtor members as of December of 2017 and that is up slightly from 2016 which is why I did not bother making a new chart.
As older member retire Realtors as a group is getting younger. At one point the median age was around 57 now it is 53 and has been for the past few years.
The number of Realtors peaked nationwide in 2006 and in Minnesota.
There are plenty of REALTORS®. My theory as to why there are fewer today than there were in 2006 is because of the economy. Typically when employment is high and there are plenty of jobs fewer people decide to start businesses or become REALTORS® (Independent contractors)
Usually this time of year I get a lot of phone calls from people who are interested in becoming real estate agents. I think I have gotten one call so far this year.
It is hard to calculate how many homes are sold each year in Minnesota. If I were to guess I would guess that we have about half as many home sales as there are REALTORS®.