The Numbers Speak for Themselves: NAR Membership Info.
I recently heard that the rate of homes not selling is actually SLOWER than the rate of real estate agents leaving the business. True? I dunno, but I decided to take a gander at the NAR site to look at membership “trends” … and Lo and behold …
|
Year |
Membership |
Increase of … |
|
2000 |
766,560 |
|
|
2001 |
803,803 |
+ 37,243 |
|
2002 |
876,195 |
+ 72,392 |
|
2003 |
976,960 |
+ 100,765 |
|
2004 |
1,102,250 |
+ 125,290 |
|
2005 |
1,265,367 |
+ 163,117 |
|
2006 |
1,357,732 |
+ 92,365 |
|
2007 (as of 11/30/07) |
1,357,993 |
+ 261 |
With an average net increase of just over 1,500 NARsters per month (averaged from July 2007 – November 2007), we will be “lucky” to maybe reach a whopping annual increase of 2,000 members. Even though there is still a net gain in agents, that is a 90k+ membership net DROP from 2006 to 2007.
Are we going to see negative numbers in net membership like we did back in the early 80′s and 90′s? … Maybe …
Of course I am more than happy to see my “competition” go Buh-Bye, but the numbers are still VERY interesting.
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This article published on Tuesday, December 11th, 2007 at 5:34 pm | Contact the editor
Topics: Real Estate, Realtors
About this Columnist (Full Profile)
Mariana is a real estate agent and co-owner of the Wagner iTeam with her husband, Derek. She maintains the Colorado Springs Real Estate Connection Blog and is also a real estate technology trainer and coach. Mariana really enjoys helping real estate agents boost their businesses and increase their productivity through effective use of technology. Outside of real estate, blogging and training, she loves spending time with her husband and 2 sons, reading, re-watching Sci-Fi movies and … long walks on the beach?
Email Mariana Wagner
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Charlene Jimenez
Wow. The raw data is enlightening, humbling and somewhat uplifting.
The 2009 numbers will be truly interesting as dues are typically paid in December/January.
Mariana, I was surprised to learn that Charleston was going to break even, about the same number entering the industry as those leaving despite 20% fewer homes selling this year. I sincerely wish them well (but I’d rather not have the other side of a transaction with them just yet).
Jim – No kidding! I am very interested in looking at how LOW the membership numbers actually hit before they climb back up …
Howard – Colorado is still gaining membership, but in Colorado Springs, we have definitely gone down by a chunk.
The California Association of Realtors is forecasting a 15% to 20% decrease in agents by the end of 09.
John – I imagine by 2009 a lot of our competition will be, well, not our competition anymore.
However low it declines is not what I think about. I think about how many more will come in after the market picks back up. Probably way too many.
… there will ALWAYS be the opportunists, regardless of the business, IMHO. Oh well. Those who are successful now will be WAY successful later.