Thursday, April 19, 2012

Less Real Estate Agents as Market Stagnates

A recent article that came out in the Business Review Weekly claims that the number of real estate agents has dropped significantly. RP Data reports that last year the total value of home sales dropped 18% to $180.9 billion across the country. As a result, the number of real estate agents fell by 1,800 during 2011.

Here in WA, the number of houses sold in 2011 dropped by a massive 40%!!Whilst there are always choruses of agents singing about the recovery, let's not lose sight of the fact that this figure was the lowest number in 20 years (REIWA president said this, not me).

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