The 3 local REALTOR associations released 2009 housing statistics and I started going through them and my eyes were drawn to the number of closed sales in 2009 - 45,200. Since most sales have a Buyer's Agent and a Seller's Agent, we're looking at a total of approximately 90,000 trasaction "sides." The Twin Cities associations have approximately 15,000 members between them. When you divide 90,000 transaction sides by 15,000 agents you end up with an average 6 transaction sides per agent. Taking into account … [Read more...]
Profit & Loss: Twin Cities Real Estate Market
November 3, 2008 by Leave a Comment
(graphic modified from Minneapolis Area Association of REALTORS report) Using a little cut-and-paste magic, I wanted to take a look at the impact of the housing market's shift over the last 4 years. Comparing total sales volume (in Dollars) in 2008 vs. 2005 shows that we're down 40% in the 3 years since the market's peak. Since most real estate agents & brokers earn their incomes from commissions based on the sales price of the home, you can see how incomes for the agents and their brokers are down … [Read more...]
