Are you looking to become a successful real estate agent? If so, you may be wondering where the most successful real estate agents live. The answer may surprise you. The Bureau of Labor Statistics (BLS) of the Inspection Support Network conducted an investigation to determine which states and localities have the highest concentration of real estate agents per capita. The results were then expressed as a percentage difference with respect to the national concentration of real estate agents.
Some of the states with the highest concentration of real estate agents, such as South Carolina, Oklahoma, Florida and Georgia, are Sunbelt states that are experiencing steady population growth. This means there is greater demand from potential buyers, creating a competitive and potentially lucrative environment for working with sellers. New York City is one of the most popular locations for real estate agents. The city's most important offers are usually managed only by the best and largest real estate companies.
To identify the locations with the highest concentrations of real estate agents, researchers calculated the number of real estate agents per thousand employees. Compass is one of New York's top real estate companies, known for its cutting-edge technology and top-notch agents. Douglas Elliman is another one of New York's leading real estate firms and is known for having experienced agents and its emphasis on luxury properties. Brown Harris Stevens is also known throughout the city as one of the top real estate companies, and is known for negotiating real estate deals between the city's wealthiest sellers and buyers.
The New York real estate market is fierce, with a lot of competition between major firms. Buyers and sellers must interview agents thoroughly before deciding who to work with. Douglas Elliman is also headquartered in Florida, California and The Hamptons to truly take advantage of some of the country's largest real estate markets. Today's real estate market is difficult for buyers, because even though interest rates are low, inventory is down more than half compared to last year.
It is currently worth investigating several real estate markets that might not appear on the radar of most agents. Over time, the real estate market has created challenges and opportunities for buyers, sellers and their real estate agents, making it difficult to predict future trends.If you're looking to become a successful real estate agent, consider looking into some of these states and cities with high concentrations of real estate agents. With a booming market and limited offer, you could find yourself in a lucrative environment.