The U.S. Now Has More Realtors than Home Listings

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It’s an unusual situation, but heavy U.S. job losses boosted the number of new agents; at the same time, the number of for-sale properties hit record lows.

NEW YORK – The number of real estate agents working in the U.S. housing market has surpassed the number of homes for sale.

This phenomenon reflects both the extremely tight supply of homes on the market, and how surging prices persuaded tens of thousands more Americans to try their hand at selling real estate.

The National Association of Realtors®’ (NAR) membership count has exceeded the number of homes on the market only once before, in December 2019, when the number of agents dipped slightly but the inventory of homes for sale declined even more. It happened again last October and has held ever since.


Source: Wall Street Journal (03/21/21) Friedman, Nicole

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The U.S. Now Has More Realtors than Home Listings

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