How many homes does the average Realtor close a year?
This is a very interesting article by Jim Paulson.
His comment: "The number of homes your Realtor closes a year has no correlation to how good or bad a Realtor might be"
This article shows that Jim understands that agents, brokers and their brokerage model did not come from a cookie cutter.
Courtesy, Lenn Harley, Homefinders.com, 800-711-7988, e-mail.
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I have been a Realtor in Boise for 23 years and there is a lot of misconception out there as to how much business a typical Realtor does in a given year. Keep in mind that averages are made up of extremes (some do nothing while others do a lot).
According to the Intermountain MLS, there are 3,099 Realtors (including assciate brokers and brokers) in the Ada County Association of Realtors effective January 12, 2015. In 2014, according to the Intermountain MLS, there were 9319 listings sold. Since we count both the listing and the sale as separate transactions, there were 19,636 closed real estate transactions in Ada County in 2014. That equates to only 6.01 transactions per Realtor.
These numbers were for all real estate transactions in Ada County, so I need to adjust them so that we take out the lot sales and the commercial transactions. That drops the number of homes (including duplex, triplex and fourplex units) sold to 8868.
Therefore, the average Realtor in the Ada County Association of Realtors would have closed 5.72 homes in 2014. When you run the numbers of actual homes sold per Realtor, those are deceiving because many agents work on a real estate team or as a buyer's agent, so their volume is reported in the name of the team leader.
I have tracked this number for years and 5.72 is actually a bit higher than I am used to seeing. With the market continuing to recover and with drop in number of Realtors in the Ada County, it makes sense.
The number of homes your Realtor closes a year has no correlation to how good or bad of a Realtor might be. If the answer was based on volume, McDonalds would have the best burger in the world and Walmart would have the best service in the United States.
Therefore, if you are looking to buy or sell a home in the Boise area, look at what matters most: their marketing plan, level of service, experience, attention to detail, and commitment to the industry. What is your potential Realtor specifically bringing to the transaction to help you with what might be your largest financial decision of 2015.
Jim Paulson, CRS, AHWD, EcoBroker, GRI, SRES, ePRO, SFR
Owner/Broker - Progressive Realty Corporation
Specializing in Idaho Real Estate
http://www.IdahoMLStours.com
Http://www.Progressive-Realty.info
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