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Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today\u2019s agents are seizing the market and feeling confident. <\/p>\n
Real estate agents are still confident in the industry and the market. Even as the housing market comes down from its COVID-19 pandemic highs, there are houses to be sold and deals to be made. And, AceableAgent<\/strong> \u2014 an online real estate agent licensing firm \u2014 recently compiled a survey to answer the question, \u201cIs now a good time to be a real estate agent?\u201d <\/p>\n The answer is undeniable. Yes!<\/p>\n \u201cAn impressive 88% of agents surveyed reported being satisfied (or very satisfied) with their careers in real estate,\u201d said the report. <\/p>\n This satisfaction comes from many sources, flexibility, control, income potential and ease of entry are all cited by agents as the factors that make them enjoy their jobs so much. These factors even outweigh the current lack of listings <\/a>and longer wait times on commission<\/a> checks.\u00a0<\/p>\n \u00a0\u201c[Some] 58% of respondents feel positive about the current real estate market,\u201d said the report. A large part of these feelings could be due to the fact that, per the report, the tight market comes with positive changes too.\u00a0<\/p>\n For veteran agents, tight markets often mean the removal of \u201cfair-weathered\u201d agents, those who got in the game during a high and won\u2019t wait out the lows. There are also more opportunities to go to bat for your buyers and be seen as a valuable resource. Or, for those agents who really hit it big during the 2020 and 2021 boom years, now may be the perfect time to slow down business and strategize for the future. <\/p>\n \u201cIn the go-go-go market of the last few years, many agents were simply rushing from one client to the next with little time for strategizing to maximize workflow efficiencies. Now that things are slowing down, you can take a beat to reevaluate business strategies like marketing, branding, and operations,\u201d said the report. <\/p>\n According to the latest, national data from Altos Research<\/strong>, the housing market may be approaching a soft landing. <\/a>So, for those 83% of agents that said the market would improve in the next 6 months, the light at the end of the tunnel may be closer than they think. <\/p>\n As of mid-July 2022, the average cost of a single-family home in the U.S. was $450,000. According to Altos Research, that data is basically unchanged from 2022. And, inventory is on the rise \u2014 slowly. There were 470,000 single-family homes for sale in the U.S. during the same time period. That trend increased by 1% from the week prior. <\/p>\n \u201cSince January, homebuyers have defied all expectations. Sellers have not materialized and buyers have been buying everything that becomes available,\u201d said Altos<\/a> Founder, Mike Simonsen. <\/p>\n There aren\u2019t many listings to go around, but agents have made it clear that they don\u2019t believe these market conditions are here to stay. There is a light at the end of the tunnel. <\/p>\n So what are agents doing in the meantime to improve their businesses? According to AceableAgent, real estate pros are focusing on networking, digital marketing<\/a> and client service skills to stay ahead of the competition in today\u2019s market.<\/p>\nAgent satisfaction by the numbers<\/h2>\n
The housing market by the numbers<\/h2>\n