A Realtor® is a member of the National Association of Realtors. (NAR) For the first time since 2012 NAR membership declined. NAR ended the year with 1,580,971 members representing a 1.67% decline from 2022.
Minnesota Realtors membership went down by 2.34% in 2023. There are 21,809 Realtors in Minnesota. Washington saw the largest decline in membership decline of 9.51%.
Membership in Puerto Rico increased by almost 23%.
For the last few years, there has been a surplus of Realtors and at the same time home sales have been declining.
The National Association of Realtors lost a major lawsuit last fall and the last two presidents have resigned. The most recent CEO retired sooner than he had planned. Yet I think the reason membership went down is because home sales are down and at the same time unemployment is low.
