When it comes to finding a listing agent, many factors may contribute to your decision. You may examine the agent’s record of accomplishments or licenses/certifications. Some people may even try to find a listing agent that has a captivating, yet persuasive personality in an effort to convince potential buyers to seal the deal. However, maybe you should also consider sex when selecting your next agent.
Apparently, there are noticeable differences between male and female listing agents/brokers when it comes to the number of listings and home prices.
Although the exact numbers differ among states, in general males tend to list more homes while females have higher asking prices for the homes they list. These factors may need to be taken into consideration when picking your next a listing agent/broker. Is it more important for you to hire someone that will list your home for a higher value or for you to select an agent with more listings?
Despite the trends, there are some outliers in the data. For example, female agents in Mississippi have 41% more listings than their male counterparts, while still pricing homes 27% higher than the males in the field. Male agents in Alaska, another outlier due to the high male population, have listing prices that are 72% higher and they still put 11% more homes on the market than females.
It would be interesting to see a similar map that shows the agents’ success in regards to selling the homes. For example, are male agents more effective at selling the high number of properties they list each year? Similarly, do these female agents actually sell the homes for these higher prices?
Although the data is very interesting, it does not appear to be game changing for neither males nor females when it comes to finding an agent or broker to meet your home selling needs. However, if you are looking to purchase a new home then it may be better for your budget to find a home with a male listing agent as these home prices tend to be significantly lower than homes listed by their female counterparts.
In the end, there are real estate resources online that can assistant with everything from buying foreclosures to finding listing agents. Before buying or selling a home, it is important to do your research, including observing real estate agent/broker trends.