How Many Realtors Does It Take to Sell a House?
Off the Charts: The Visual Says It All
There are so few homes for sale these days, and they get snapped up so quickly, that Realtors have been left in the unusual position of outnumbering the product they sell.
This chart shows the supply of existing homes for sale in the U.S. against the number of licensed members of the National Association of Realtors as of February. Residential real estate is in high demand not only because the COVID-19 pandemic has kept people in their homes but because mortgage rates are so low, historically speaking. In fact, the number of homes for sale is so sparse that sales actually fell in February, despite the appetite.
The chart even understates the ratio, since it doesn’t include the licensed real estate agents who are not members of the NAR.