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.
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