What you always wanted to know about Realtors

REALTOR® isn’t a job title. REALTORS® are members of the National Association of Realtors. (NAR). Every year in about the middle of the year NAR releases a membership report. Here are some statistics from the report:

There are 1.22 million members nationwide.

63% of all members are women.

The median age of members is 53 years old.

82% own their primary residence.

Median years of experience for members is 10 years.

4% of members are under 30.

30% of members are over 60.

In 2016, the typical agent had 12 transactions, which is up from 11 transactions in 2015

The median gross income is $42,500

38% of those who have 16 years or more of experience have median gross incomes of $100,000

More than half of the members who have less than two years of experience earn 10K a year.

51% of member agents are affiliated with independent firms.

82% of REALTORS® are very certain they will remain active as a real estate professional for two more years.

Tomorrow I’ll have some numbers for home sales in St. Paul for the month of February.

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