Not everyone who has a real estate license sells real estate. The number of licensees in Minnesota increased by 4500 during the first quarter of 2021. Not all real estate licensees are Realtors. Realtors are members of the national association of Realtors. (NAR). The NAR is experiencing a lot of growth. Home sales this year in the US may be as high as 7.1 million in 2021. I have seen some predictions that they will be lower in 2022. This means we probably have more Realtors right now than we have houses on the market.
Spread out across the country half a million or so newish Realtors probably isn’t that many but if you are getting a lot of calls and texts from people offering to sell your house it is because there are many agents who don’t have any listings right now. There are more real estate agents than there are homes for sale.
If you would like to work with a Realtor you can choose one who has a lot of experience and you should be negotiating those commissions. The competition for listings is intense and no matter what “experts” say there is no “going rate” when it comes to commissions. They are all negotiable.
The numbers I used to make the graph are from the NAR.
If you do have a house to sell, feel free to contact us for a free no-obligation consultation.
