NWMLS Membership - doubled between 2004 and 2006

I had the pleasure of seeing Pat Grimm, the owner of the Capitol Hill Windermere office, speak yesterday at the Rainier Club Real Estate Roundtable. He shared this fascinating statistic:

  • 2004 NWMLS # of sales associates: ~15,000
  • 2006 NWMLS # of sales associates: ~30,000

Entering 2008, we were still at about 30,000 real estate agents in the Northwest, and so far we've only had a few dozen leave the industry in 2008. I'm sure there is a day of reckoning coming, probably later this year. There just aren't enough transactions to support this many agents.

 

 
Posted by Spencer Rascoff on 04/29/2008 09:05 AM   Comments (2)   , , , , ,  

2 Comments on NWMLS Membership - doubled between 2004 and 2006

Spencer, I wonder if we will see as many drop off as expected. With the advent of so many "Living Room" brokerages, agents are likely hanging their licenses for next to nothing hoping one or two "deals" will be a little bonus for them.

04/29/2008 09:25 AM by Maple Valley WA Broker/Owner Colleen Fischesser 425-432-5400 (RE/MAX Select Real Estate)

Spencer - We've seen a steady decline in the Orlando area... It will be interesting to see how the Seattle area is affected.

04/29/2008 08:52 PM by Debbie Summers, Licensed Real Estate Professional (RE/MAX Central Realty Lake Mary, FL)

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Real Estate - Other: Spencer Rascoff (Zillow)
Spencer Rascoff
Seattle, WA
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