With real estate inventory down by more than half compared to last year, the personal finance website WalletHub recently released its report on 2021ss Best Places to Be a Real Estate Agent.
To determine the best markets for real estate agents, WalletHub compared more than 170 U.S. cities across 22 key indicators of a healthy housing market, ranging from sales per agent to the annual median wage for real estate agents to the housing market health index.
The best places to be a real estate agent are Seattle, Pearl City, Hawaii., Sacramento, Calif., Salt Lake City, Denver, Nashville, Washington, D.C., Huntsville, Ala., Austin, Texas, San Jose, Calif., Vancouver, Wash., Reno, Nev., West Valley City, Utah, Billings, Mont., Portland, Maine., Portland, Ore., San Diego, Atlanta, Boston, Maine., and Irvine, Calif.
Other study findings include:
- Stockton, Calif. having the most homes sold in the past year per real estate agent, 103.66, which is 25.5 times more than in Nashua, NH., the city with the fewest at 4.06.
- San Francisco had the highest median house price, $1,097,800, which is 22.3 times higher than Detroit, the city with the lowest at $49,200.
- Aurora and Denver, Colo. had the highest annual median wage for real estate agents, $90,180, which is 3.4 times higher than in Salem, Ore., the city with the lowest at $26,850.
- San Jose, Calif. listings had the fewest days on the market, 37, which is 4.8 times faster than listings in New York, the city with the most at 178.
- Memphis, Tenn. had the highest share of home flips, 11.95 percent, which is 6.1 times higher than in Portland, Maine. the city with the lowest at 1.95 percent.