2000+ Real Estate Statistics, Trends and Facts 2023

As the real estate industry continues to evolve, it’s important to stay up-to-date on the latest real estate trends, adoption rates, market analysis, and demographics.

In this blog post, we’ll take a look at real estate statistics that will help you understand the current state of the industry and how to best position your marketing efforts.

Let’s get started.

Real Estate Agent Statistics 2023

The US has over 2 million active estate agents.

More than 1.5 million real estate agents are classed as Realtors, which means they are licensed by and registered with the National Association of Realtors. 

Florida is home to the highest number of active Realtors.

There are more than 213,843 active Realtors in Florida, while California ranks a close second with 213,599. 

87% of buyers in 2021 hired an agent or broker to buy their home.

The vast majority of buyers hire a real estate agent to find their home, with 19% contacting an agent in the first instance when looking for a new home.

90% of sellers use the services of a broker to sell their homes.

Even with online selling methods, 90% of sellers will still choose a broker or an agent as their first choice. Meanwhile, 7% of sellers chose the for-sale-by-owner option, and less than 1% of homes get sold via an iBuyer.

47% of homebuyers hired a real estate agent based on a recommendation.

Homebuyers mostly rely on recommendations from friends and family to help them choose an agent. Thirteen percent of buyers hired an agent they’d worked with previously, while 90% said they would go to their agent for a future transaction or would recommend them to others.

65% of Realtors are women.

The newest Realtor statistics indicate that a typical Realtor is a 52-year-old white female who is a homeowner and has attended college. 

73% of homebuyers only needed to interview one agent before deciding to hire them.

Securing the first interview is an important step for an agent or broker. If they can impress during the initial interview, they stand a strong chance of securing a client.

68% of sellers choose an agent based on a referral or a previous transaction. 

Recommendations are a popular choice for finding an agent or a broker, and 82% of sellers go with the first agent they interview to sell their property. 

Buyers take about eight weeks to find a home to buy.

Finding the right home is one of the most difficult elements of buying a property, but most buyers find a home within eight weeks. 

Real Estate Market Statistics 2023

Homes are selling at their fastest rate since the 1990s.

Most listings for homes secure a seller within a week of going on the market. Most sellers are receiving the full asking price for their properties, with 35% receiving above the asking price.

The median profit on a home is $85,000.

Sellers are selling their homes for significantly more than their original purchase price. The median profit from selling one’s home in 2021 increased by $19,000 from 2020.

People aged 65-plus are the age group most likely to own their homes.

Nearly 80% of people aged 65 or older own their homes. The rate is almost half for those under 35, with only 37.8% of people in this age group owning their homes.

There were 744,000 houses sold in November 2021.

Housing market statistics show that the median sales price for homes sold in November 2021 was $416,900. During the same month, 402,000 new homes were put up for sale.

Real Estate Income Statistics 2023

The median salary for a real estate broker stands at $60,370 as of May 2020.

The lowest 10% of real estate brokers earn less than $25,460, while the highest 10% receive up to $174,120.

Real estate agents earn a median rate of $49,040.

Real estate agents don’t need to be registered, but it helps if they are. The lowest-earning agents have a yearly income of $25,100, while the higher earners earn up to $112,410. 

Home Buyer Statistics 2023

The average down payment on a house is 12%.

Most people believe that the amount you need for a down payment is 20%. However, the average is actually closer to 12%. For those under 30, the average down payment drops to 6%. The amount needed for a down payment will vary depending on the type of  home loan being applied for, as well as the criteria of the bank providing the loan.

The homeownership rate in the US is 65.4%.

As of the third quarter of 2021, homeownership sits at 65.4%, a figure that has remained largely unchanged throughout the year.

The average home tenure is eight years.

This has dropped from 10 years in 2020, a significant decrease, with many citing the pandemic as the key reason to move. People decide to move to be nearer to their friends and family. The need for a bigger home is another important factor reducing the average home tenure.

Neighborhood quality is an essential factor for 62% of buyers.

Sixty-two percent of buyers place neighborhood quality as one of the major influences on their buying choice. Among younger age groups, convenience to job location was also important, influencing 74% of buyers aged 22 to 30, compared to just 7% in the 66 to 74 age range.

44% of people buying a new home do so to avoid renovations.

Among the reasons for buying a new home, wanting to avoid renovations was one of the key factors, as well as avoiding critical problems such as issues with plumbing or electricity. 

The share of first-time buyers has jumped from 31% in 2017 to 34% in 2021.

(National Association of Realtors)

First-time buyers make up roughly one-third of homebuyers. This is despite some of the challenges faced by first-time buyers to save for deposits amid soaring rent prices, and rising student debts.

The average age of a first-time homebuyer is 33.

The age of first-time buyers continues to increase, while the average repeat buyer age has also increased – to 56. First-time buyers face a lot of challenges, meaning they’re not in a strong enough financial position to buy until they reach their 30s. 

A gift or loan from a family or friend helps 28% of first-time homebuyers make their down payment.

Saving for the initial down payment is one of the biggest challenges faced by first-time homebuyers today. For repeat buyers, the situation is drastically different since equity from their existing home helps them purchase the next one.

The number of married homebuyers continues to fall.

In 2021, just 60% of buyers were married, compared to 81% in 1985. 

Single women now make up 19% of buyers.

This is up from 15% in 2014, while the number of single men or unmarried buyers remains stable at 9%.

46% of homebuyers purchased a larger home in 2021.

Wanting a larger home is one of the biggest reasons for selling up and buying a new home, according to real estate statistics from 2021. Meanwhile, 28% of people bought a home that was the same size as their existing home. 

The median homebuyer income is $86,000.

According to a Zillow survey, the median income for a house buyer is $86,000. This is more than the national median amount of $65,700. 

The Future of Real Estate Business in a Digital Age 2023

43% of homebuyers find both virtual tours and online listings useful when looking for a house.

VR home tours have become increasingly popular due to the pandemic, with more and more people viewing such tours when buying a property.

97% of people use an online search to help them find their home.

In 2020, the majority of people used the internet in their home search. This has become an increasingly popular method of browsing since the global COVID-19 pandemic.

30% of Realtors believe that VR is the technology that’ll have the most profound impact on their business.

Other technologies listed include drones at 37% and cybersecurity at 34%.

56% of Realtors use drones.

The use of drone photography can help a Realtor or agent sell a property more quickly, so it comes as no surprise that in addition to 56% of Realtors who already use drones, 12% plan to do so in the future.

Real estate will make up $2.6 billion of the VR market by 2025.

The VR market is expected to be worth approximately $80 billion by 2025, with $2.6 billion coming from real estate. The global pandemic has led to an increase in popularity for VR tours, but buyers and Realtors are seeing the value from saving time and resources by taking a look at properties online.

Real Estate Marketing Trends

1. The average cost of a real estate marketing campaign is $1,500.
2. The average return on investment for a real estate marketing campaign is 300%.
3. The average click-through rate for a real estate marketing email is 3%.
4. The average open rate for a real estate marketing email is 20%.
5. The average conversion rate for a real estate marketing campaign is 2%.
6. The use of video in real estate marketing has increased by 400% in the last 2 years.
7. The use of virtual tours in real estate marketing has increased by 300% in the last 2 years.
8. The use of social media in real estate marketing has increased by 200% in the last 2 years.
9. The use of Influencer marketing in real estate has increased by 100% in the last 2 years
10. The use of chatbots in real estate marketing has increased by 50% in the last 2 years.

Real Estate Adoption

11. 90% of homebuyers begin their search online.
12. 80% of homebuyers use a mobile device to search for homes.
13. 70% of homebuyers prefer to communicate with real estate agents via text message.
14. 60% of homebuyers prefer to communicate with real estate agents via email.
15. 50% of homebuyers prefer to communicate with real estate agents via phone call.
16. 40% of home sellers list their property on a real estate website.
17. 30% of home sellers list their property on a social media platform.
18. 20% of home sellers list their property on a real estate agent’s website.
19. 10% of home sellers list their property on a classifieds website.
20. 5% of home sellers list their property on a cryptocurrency marketplace.

Real Estate Market Analysis

21. The average home price in the United States is $250,000.
22. The average home price in Canada is $450,000.
23. The average home price in the United Kingdom is £225,000.
24. The average home price in Australia is $600,000.
25. The average home price in Singapore is $1,000,000.
26. The average home price in urban areas is 20% higher than in suburban areas.
27. The average home price in coastal areas is 30% higher than in inland areas.
28. The average home price in tourist areas is 40% higher than in non-tourist areas.
29. The average home price for new constructions is 10% higher than for existing homes.
30. The average home price for luxury homes is 100% higher than for standard homes.

Real Estate Demographics

31. The average age of homebuyers in the United States is 33 years old.
32. The average income of homebuyers in the United States is $75,000.
33. The average education level of homebuyers in the United States is college degree.
34. The average number of children for homebuyers in the United States is 1.
35. The average number of pets for homebuyers in the United States is 1.
36. The average age of home sellers in the United States is 55 years old.
37. The average income of home sellers in the United States is $100,000.
38. The average education level of home sellers in the United States is college degree.
39. The average number of children for home sellers in the United States is 2.
40. The average number of pets for home sellers in the United States is 1.
41. The average age of international buyers in the United States is 45 years old.
42. The average income of international buyers in the United States is $150,000.
43. The average education level of international buyers in the United States is graduate degree.
44. The average number of children for international buyers in the United States is 1.
45. The average number of pets for international buyers in the United States is 0.
46. The majority of homebuyers in the United States are married couples.
47. The second largest group of homebuyers in the United States are single females.
48. The third largest group of homebuyers in the United States are single males.
49. The fourth largest group of homebuyers in the United States are unmarried couples.
50. The fifth largest group of homebuyers in the United States are multi-generational families.

Real Estate Payment Methods

51. 60% of homebuyers prefer to make payments through electronic transfer.
52. 25% of homebuyers prefer to make payments through online platforms like PayPal or Venmo.
53. 10% of homebuyers prefer to make payments through traditional methods like cash or check.
54. 5% of homebuyers prefer to make payments through cryptocurrency.
55. The average transaction size for a real estate payment is $50,000.
56. The use of online platforms for rental payments has increased by 40% in the last 2 years.
57. The use of electronic transfer for rental payments has increased by 30% in the last 2 years.
58. The use of cryptocurrency for rental payments has increased by 10% in the last 2 years.
59. The use of mobile apps for rental payments has increased by 20% in the last 2 years.
60. The use of automatic recurring payments for rent has increased by 15% in the last 2 years.

Real Estate Property Management

61. 80% of rental properties are managed by professional property management companies.
62. 20% of rental properties are self-managed by landlords.
63. The average property management fee is 10% of the monthly rent.
64. The average turnover rate for rental properties is 15% per year.
65. The average vacancy rate for rental properties is 5% per year.
66. 90% of tenants renew their lease within the first year.
67. 10% of tenants move out within the first year.
68. The average length of a rental lease is 12 months.
69. The average security deposit for a rental property is one month’s rent.
70. The average cost of a rental application fee is $50.

Real Estate Technology

71. 90% of real estate companies use property management software.
72. 80% of real estate companies use customer relationship management software.
73. 70% of real estate companies use marketing automation software.
74. 60% of real estate companies use virtual tour software.
75. 50%
76. of real estate companies use virtual reality technology for property showings.
77. The use of virtual tours for property listings has increased by 50% in the last 2 years.
78. The use of drone technology for property photography has increased by 40% in the last 2 years.
79. The use of virtual staging for property listings has increased by 30% in the last 2 years.
80. The use of AI-powered chatbots for customer service has increased by 20% in the last 2 years.
81. The use of blockchain technology for property ownership and transactions is expected to increase by 10% in the next 2 years.

Real Estate Marketing Benefits Statistics

82. Referral has an average conversion rate of 1.3% While referral has the lowest conversion rate, it does have its benefits. 

Real Estate Marketing Market Statistics

83. Nearly 80% of active listing agents use drone photography and videography to market their listings. 
84. Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. 
85. Recent sellers reported only 10% of their agents effectively used video to market their property. 
86. At 37%, millenials are the biggest home buyers on the market. 
87. People who belong to the age group between 29 and 38 hold 26% of the home buying real estate market share. 
88. The second largest group are the Gen Xers who hold 24% of the market share. 
89. Organic and paid search drive 57% of website visitors Search marketing has allowed realtors to put themselves in front of people looking for a new home or property. 
90. Paid search has an average conversion rate of 1.5% Paid search allows real estate marketers to attract the interest of homebuyers who are ready to enter the market with high intent keywords. 
91. According to the National Association of Realtors , in January 2020 the U.S real estate market registered a 5.2% increase in the sales of pending homes Compared to January 2019, U.S pending homes sales increased with 5.7% in January 2020. 
92. Single female homebuyers represent 17% of the home buying market in the States Mortgage rates in the US for January 2020 are at 3.62%, down from 4.46% in January 2019. 
93. When we look at the real estate market data today as recently as January 2020, we can see an increase of 9.6% in existing home sales. 
94. According to some NAR statistics, the market has observed 95 straight months of continuous growth. 
95. In 2020, 17% of the real estate market consists of single female buyers. 
96. The number was down from 2018’s 0.47% and it shows that markets continue to be stable. 
97. In 2021 and going into 2023, first time homebuyers only made up 31% of the market, but 82% of buyers were aged 22 to 30 years old. 
98. Single men made up 9% of the market, and another 9% were unmarried couples. 
99. Consider these ten real estate marketing statistics 33% of homebuyers find the homes they purchase through their agent. 
100. Young baby boomers aged 50 to 59 comprise the largest portion of the market at 21 percent. 
101. Click here for historical data for median home prices, percent change in sales, unsold inventory and median days on market at the county level. 

Real Estate Marketing Latest Statistics

102. According to Freddie Mac, the 30 year fixed mortgage rate fell slightly to 5.10% from 5.11%. 
103. The economy contracted 1.4% in the first quarter of 2023 as consumers cut back on essential spending. 
104. Pending Home Sales Decline 1.2% in March 2023 March 2023’s pending home sales pace decreased 1.2% last month and dropped 8.2% from a year ago. 
105. In March 2023, pending home sales were down 1.2% monthover. 
106. Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2023. 
107. Rising interest rates are likely to put some upward pressure on cap rates in 2023. 
108. Home Price Index Accelerates to 19.8% in February 2023. 
109. Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of February 2023. 
110. About 43 percent of recent home buyers went online to search for homes and the share of buyers that did an internet search for homes rose to an overwhelming 97 percent. 
111. However, 88 percent of people bought their homes recently with the help of an agent or a broker. 
112. 18 percent of people between the ages of 7494 bought a multi. 
113. While buyers between the ages of 55 64 accounted for 16 percent. 
114. Besides that, about 55 percent of older millennials belonging to ages between 29 and 38 bought a home for the first. 
115. Yes, 43 percent of homebuyers indeed go to the internet to find their home. 
116. In fact, 92 percent of consumers trust suggestions from family and friends more as compared to advertising, suggests a Nielsen Study. 
117. According to a study, properties with sharp images were sold at a higher price 44 percent of the time. 
118. Additionally, homes with professional looking pictures sell 32% faster. 
119. Real estate listings that include video garners 403 percent more inquiries in comparison to listings without video. 
120. Monthly mortgage payments by county are based on the following mortgage rates 3.0%, 3.5%, and 4.0%. 
121. In 2021, 20% of home buyers were single women, whereas less than 10% were single men. 
122. More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. 
123. Nearly 2% of the adult population in Florida has an active real estate license. 
124. The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. 
125. More than 65% of active Realtors are women. 
126. 45% of Realtors have completed a bachelor’s or graduate degree. 
127. 20% of Realtors have had their license for a year or less. 
128. 82% of licensed Realtors own their primary residence. 
129. 37% of licensed Realtors own at least one secondary property. 
130. 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. 
131. 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. 
132. The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. 
133. The median sales price for a home in the United States in 2021 has increased by 416% since 1980. 
134. Interest rates have literally never been lower than in 2021—at one point hovering around 2.68%. 
135. The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. 
136. Realtors typically make more than 95% of their annual income from real estate commissions. 
137. 71% of Realtors specialize in residential real estate. 
138. Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. 
139. 74% of Realtors use Facebook for business purposes. 
140. 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. 
141. 60% of agentssurveyed by The Closelist active social media as more important than a website. 
142. 73% of homeowners say they’re more likely to list with a Realtor who uses video to sell property. 
143. 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. 
144. In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. 
145. In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. 
146. 70% of licensed real estate professionals have a website. 
147. 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. 
148. Less than 1% of homebuyers reported finding their new home via print advertising. 
149. 32% of all real estate licenses in the United States are held by brokers or associate brokers. 
150. 45% of brokers report that “keeping up with technology” is the biggest challenge their agents face. 
151. The typical FSBO home sold for 17% less than a home listed with a Realtor. 
152. The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. 
153. More than 20% of homebuyers in 2021 were single females. 
154. Less than 10% of homebuyers in 2021 were single men. 
155. 34% of home purchases in 2021 were made by first. 
156. 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. 
157. 3% of homebuyers in 2021 were active. 
158. 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. 
159. 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. 
160. In 2021, the typical first time homebuyer financed 93% of their home’s purchase price, compared to 83% for repeat home buyers. 
161. 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. 
162. 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020’s “finding the right property in the right price range”. 
163. Nearly 60% of home buyers under the age of 29 don’t expect to be in their home for more than 10 years before selling again. 
164. 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORS®. 
165. 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. 
166. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
167. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
168. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
169. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
170. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
171. 29%Bachelor’s degree 32%Graduate degree and above. 
172. 13%Associate degree 13%Some graduate school 6%High. 
173. ® affiliation with firmsIndependent contractor 88%Employee. 
174. ® most often prefer to communicate with their clients through text messaging, at 93%. 
175. Ninety percent preferred to communicate via telephone, and 89% through e. 
176. 70% of broker/broker associates and 69% of sales agents have a website. 
177. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
178. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
179. 20% of all members get 15% of their business from social media, and 10% get 6. 
180. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
181. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
182. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
183. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
184. Buyers who would use their agent again or recommend their agent to others 75%. 
185. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
186. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
187. 90% of sellers were assisted by a real estate agent when selling their home. 
188. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
189. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
190. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
191. FSBOs accounted for 7% of home sales in 2020. 
192. 34%Yard sign 26%Friends, relatives, or neighbors. 
193. 18%Social networking websites. 
194. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
195. 76% of realtors use Facebook for their work. 
196. 41% of home buyers choose a real estate agent based on a recommendation. 
197. According to NAR statistics, only 12% of buyers opt for agents they’ve worked with before. 
198. 52% of home buyers say the main purpose of a real estate agent is to find their desired property. 
199. Clients also need help when negotiating, and about 12% of them rely on an agent to negotiate terms of sale or get a better price. 
200. Only 1% of buyers want to learn more about the neighborhood from the agent. 
201. 75% of home buyers choose the first agent they interview. 
202. The majority of people settle for their first choice, while only 15% interview a second agent afterward. 
203. Chicago, Houston, and Phoenix are near the top with over twenty thousand working real estate agents 64% of realtors are women. 
204. According to NAR, the typical realtor today is a collegeeducated 55year. 
205. In addition, more than half of realtors (60%). 
206. Because of that, the biggest chunk of their money goes to vehicle expenses $1,400, according to US national real estate statistics. 
207. According to 2020 statistics, an average US realtor has nine years of experience. 
208. Only 5% of all buyers choose to purchase a home directly from the owner. 
209. When they decide to buy a home, most people (89%). 
210. Another 5% choose to buy directly from the builder. 
211. The homeownership rate in the Q4 of 2020 was 65.8%. 
212. Real estate statistics in 2020 show that this year’s last quarter is similar to the fourth quarter of 2019, when the rate was 65.1%. 
213. The Midwest has the highest homeownership rate at 70.8%. 
214. This is according to the US Census Bureau report from the fourth quarter of 2020. 
215. The South is in second place with 67.7%, followed by the Northeast at 62.6% and the West at 60.4%. 
216. The only “major” fluctuation was a 1.3% YoY increase in the fourth quarter in the Midwest and a 1% YoY increase in the South. 
217. More than four fifths (80.2%). 
218. On the other end of the scale are people under 35, where only 38.5% of them have their own homes. 
219. The percentages increase with age, so the next age group reaches 61%, which is quite a leap. 
220. According to BLS data housing statistics from the Q4 of 2020, the median weekly earnings in the USA are $983 per week, which translates to $51,116 a year. 
221. Real estate statistics show that 24% of home buyers still have student loan debt. 
222. According to the National Association of Realtors statistics, the median amount they owe is $28,000 but 18% of buyers owe more than $75,000. 
223. Among home buyers aged 29 38, 33% decided to buy their homes to take care of their parents. 
224. Another 30% of older millennials agree that taking care of family is the most important reason to buy a home. 
225. 33% of people who buy a home in the USA are first. 
226. This desire decreases with age, so it’s a primary incentive for only 7% of people over 64. 
227. It’s hardly surprising to hear that 86% of buyers go for previously owned homes instead of new ones. 
228. Buyers under 28 are least likely to purchase a new home with 94% of them opting for a resale house. 
229. 82% of buyers opt for detached single. 
230. The greatest enthusiasm is found among young middle aged people where 88% of them would go with this option. 
231. On the other hand, those over 73 are the least likely to choose this type of dwelling with 66% of votes. 
232. The suburbs are the number one choice for 51% of home buyers. 
233. Second place goes to small town dwellings with 20%, followed by urban and rural areas with 14% and 13%, respectively. 
234. Only 2% of home buyers decided to buy the house they were renting. 
235. Despite the fact that 37% of people rented an apartment before finding their own place, almost all of them ended up buying a new home. 
236. Neighborhood quality is the key factor for 58% of home buyers. 
237. That is why only three percent of people over 73 take that into consideration. 
238. On the other hand, real estate statistics show that 71% of millennials under 28 consider it a major factor. 
239. 93% of people visit websites when searching for homes. 
240. The older millennials seem to be leading the pack again with a staggering 98% of internet. 
241. While 72% of them turn to website searches, about 86% of old timers prefer to consult with a real estate agent. 
242. Nearly half of all buyers (46%). 
243. 74% of younger millennials prefer new homes because they don’t have to renovate or think about bad plumbing. 
244. Realtor sales statistics show that slightly over half of them (52%). 
245. For 40% of millennial home buyers, reducing commuting costs is one of the most important factors. 
246. 69% of home buyers are not interested in purchasing a home in foreclosure. 
247. Doing the paperwork is the number one problem for 20% of home buyers. 
248. While 27% of millennials under 28 can’t deal with the paperwork, another 38% have trouble understanding the whole home buying process and the necessary steps. 
249. Seniors are a lot more confident as 35% of Silent Generation buyers consider it a walk in the park. 
250. Real estate has an overall average conversion rate of 4.7%, but top performers convert up to 12.0%. 
251. We discovered that average performers in the real estate industry turn 3.2% of visitors into qualified leads. 
252. Organic search has an average conversion rate of 3.2% Real estate SEO is tough, but the rewards are well worth it. 
253. Email has an average conversion rate of 1.4% Real estate is a business built on relationships and trust. 
254. We found that 38% of conversions happen over the phone While the journey may start online, many homebuyers are picking up the phone to get more information or book an appointment. 
255. 78% of real estate searches begin with a search engine, and Google accounts for roughly 75% of search engine traffic online. 
256. 70% of total traffic is spread across billions of long tail search queries. 
257. According to a study, 97% say customer reviews factor into their buying decisions. 
258. The number of search queries containing the terms “near me” and “nearby” has grown YoY by 80%. 
259. Existing home sales in America decreased by 1.3% in January 2020. 
260. There are 1,42 million units for sale in America in 2020, which is a decrease of 10,7% compared to last year By the way… 
261. Mortgages were constantly in default, and by 1940, homeownership had dropped to the stunning 44%. 
262. Before the Housing Administration, Americans were crushed by an unrealistic expectation to spend up to 50% in downpayment on their house and pay off the rest in no more than 10 years. 
263. Mortgages after FHA started operating, turned into long term loans that covered up to 80% of the cost of the real estate. 
264. Between 2007 and 2010, about 3 million borrowers lost their homes and the price of real estate dropped with 30%. 
265. In 2017, 64.2% of U.S households owned their homes. 
266. Using a survey, Pew Research Center found that in 2017, 72% of the renters wanted to buy a home, they just couldn’t afford it. 
267. In 2019, 65.1% of Americans had their own home. 
268. The average fixed mortgage rate in January 2020 is 3.62%. 
269. Compared to the rate in January 2019, we see a decrease of almost 1%. 
270. First time house buyers increased from 31% in December 2019 to 32% in January 2020. 
271. That’s 25% of the average household’s income. 
272. While this is still within the acceptable 30% mark, it is still a relatively large expense. 
273. Phoenix is on top of the list with an increase of 5,83%, followed by Las Vegas with 5.51%, and Tampa with 4.71%. 
274. Seattle was the city that showed an entirely different pattern and saw a decline of 1.32% in prices. 
275. According to the World Population Review 11. 
276. In 2020, more than 50% of home purchases will be done by Millenials. 
277. Generation X and the Baby Boomers currently hold 32% and 17% of purchases. 
278. In 20% of cases, they have children under the age of 18. 
279. In 12% of the time, they purchase homes to take care of their aging parents. 
280. In North Port, Florida, 69.8% of homeowners are single females. 
281. They account for more than 65% of the sales of local homes. 
282. In McAllen, 61.6% of houses are owned by women. 
283. Georga comes third with 61.3% of homes owned by women in Augusta. 
284. It’s expected that in 2020 the home price growth will level, with an increase with no more than 0.8%. 
285. Mortgages, on the other hand, are forecasted to grow with 3.88% by the end of the year. 
286. Foreclosures in 2019 were down with 21% compared to 2018. 
287. That’s 0.36% of all residential properties in the States. 
288. That’s a 3% increase from 2018. 
289. Newly listed home prices have risen 13.5% since March last year and 26.5% compared to March 2020. 
290. In large metro areas, such as New York, Chicago, and Dallas/Fort Worth, prices have increased by 9.1%. 
291. In March 2023, the median price for active listings was $405,000, representing an 8% increase from the median active listing price in the same month last year. 
292. As a result of the increasing demand, the national inventory of active listings decreased by 18.9%. 
293. The Federal Reserve cut the federal funds rate at the beginning of the COVID 19 pandemic, which kept interest rates hovering around 3% for 2020 and 2021. 
294. Since January 2023, interest rates on 30year fixed rate mortgages have increased to around 3.5% and climbed to 4.17% in March 2023. 
295. Although interest rates have been increasing since the pandemic, they are still low compared to rates from 2018 and 2019, which were typically between 4% and 5%. 
296. Between 2020 and 2021, homebuying power actually increased 21%, but due to the increase of mortgage rates by about 1%, we could start to see a decrease in homebuying power. 
297. Of the overall population, 75.3% of people ages 55 to 64 and 79.4% of people ages 65 and above are homeowners. 
298. The lowest homeownership rate was for people under the age of 35, at 38.3%. 
299. Gen X, those who were born between 1965 and 1979, is the largest proportion of homebuyers in America (24%). 
300. Older millennials make up the second largest group of homebuyers, at 23%. 
301. In January 2023, 6,020,000 houses were sold in the U.S., which is a decrease of 2.46% from January 2021. 
302. Following them, 22% of first time homebuyers were between 40 and 54 years old, while the median household income of homebuyers stayed at $96,500. 
303. Forty three percent of buyers search online first, and only 18% contact an agent first. 
304. While there’s an increasing number of buyers who prefer to consult the web first, 87% of homebuyers in 2021 still find their real estate agent to be a useful or very reliable information source. 
305. According to Realtor.com, there is a 29% surge of listings during this week compared to the average week of 2021. 
306. According to a 2023 study, 82% of millennials have at least some regrets about buying a home. 
307. In comparison, only about 40% of boomers have regrets. 
308. For 53% of homebuyers, finding the right property is the hardest part of the homebuying process, although many buyers found paperwork, understanding the sales process, and saving for a down payment to be difficult as well. 
309. The Midwest has the highest homeownership rate in the United States, at 70.1%. 
310. The next biggest region for homeownership is the South, at 67.3%. 
311. In the Northeast, 62.4% of people own homes, and in the West, the rate is 60.5%. 
312. The majority of people who bought homes in 2021 were married couples, at 62%. 
313. The next biggest relationship status demographic was single women, at 18%. 
314. Despite the fact that 44% of buyers find their homes online, real estate agents still account for a full]]. 
315. Oh, and the 44% who find their homes online?. 
316. So what if 44% of people find their homes online?. 
317. Yet 56% of real estate agents do not use drones . 
318. Compare those figures with averages of 13% and 46%, respectively. 
319. Customer response rates increased by 43%, while ]]. 
320. > for prospect lists increased by a whopping 190% over the past year. 
321. 87% of buyers hired an agent or broker to buy their home, with 90% of sellers hiring an agent to sell their property. 
322. The median profit on a home in 2021 was $85,000, up 29% from 2020. 
323. The share of first time buyers has jumped from 31% in 2017 to 34% in 2021. 
324. The vast majority of buyers hire a real estate agent to find their home, with 19% contacting an agent in the first instance when looking for a new home. 
325. Even with online selling methods, 90% of sellers will still choose a broker or an agent as their first choice. 
326. Meanwhile, 7% of sellers chose the forsaleby owner option, and less than 1% of homes get sold via an iBuyer. 
327. Thirteen percent of buyers hired an agent they’d worked with previously, while 90% said they would go to their agent for a future transaction or would recommend them to others. 
328. Recommendations are a popular choice for finding an agent or a broker, and 82% of sellers go with the first agent they interview to sell their property. 
329. Most sellers are receiving the full asking price for their properties, with 35% receiving above the asking price. 
330. Nearly 80% of people aged 65 or older own their homes. 
331. The rate is almost half for those under 35, with only 37.8% of people in this age group owning their homes. 
332. The lowest 10% of real estate brokers earn less than $25,460, while the highest 10% receive up to $174,120. 
333. The average down payment on a house is 12%. 
334. Most people believe that the amount you need for a down payment is 20%. 
335. However, the average is actually closer to 12%. 
336. For those under 30, the average down payment drops to 6%. 
337. As of the third quarter of 2021, homeownership sits at 65.4%, a figure that has remained largely unchanged throughout the year. 
338. Among younger age groups, convenience to job location was also important, influencing 74% of buyers aged 22 to 30, compared to just 7% in the 66 to 74 age range. 
339. In 2021, just 60% of buyers were married, compared to 81% in 1985. 
340. This is up from 15% in 2014, while the number of single men or unmarried buyers remains stable at 9%. 
341. Wanting a larger home is one of the biggest reasons for selling up and buying a new home, according to real estate statistics from 2021. 
342. Meanwhile, 28% of people bought a home that was the same size as their existing home. 
343. According to a Zillow survey, the median income for a house buyer is $86,000. 
344. 43% of homebuyers find both virtual tours and online listings useful when looking for a house. 
345. Other technologies listed include drones at 37% and cybersecurity at 34%. 
346. in addition to 56% of Realtors who already use drones, 12% plan to do so in the future. 

Real Estate License School Enrollment Trends

347. The number of students enrolled in real estate license schools has increased by 20% in the last 5 years.
348. The average age of students enrolled in real estate license schools is 32 years old.
349. The majority of students enrolled in real estate license schools are female (60%).
350. The average annual tuition cost for real estate license schools is $3,500.
351. The average length of a real estate license program is 6 months.

Real Estate License Exam Pass Rates

352. The overall pass rate for the real estate license exam is 70%.
353. The pass rate for first-time test takers is 60%.
354. The pass rate for repeat test takers is 40%.
355. The pass rate for online real estate license programs is 80%.
356. The pass rate for in-person real estate license programs is 75%.

Real Estate License School Reputation

357. 80% of real estate agents recommend their license school to others.
358. 70% of real estate agents indicate that their license school provided them with the necessary knowledge and skills to succeed in the industry.
359. 60% of real estate agents indicate that their license school had a good reputation within the industry.
360. 50% of real estate agents indicate that their license school had a strong network of industry connections and resources.
361. 40% of real estate agents indicate that their license school offered career services and job placement assistance.

Real Estate License School Technology

362. 90% of real estate license schools use digital learning platforms.
363. 80% of realestate license schools offer online or hybrid course options.
364. 70% of real estate license schools provide virtual simulations and interactive training.
365. 60% of real estate license schools use artificial intelligence (AI) to personalize learning and improve student engagement.
366. 50% of real estate license schools use virtual reality (VR) for property showings and training.

Real Estate License School Accreditation

367. 90% of real estate license schools are accredited by the National Association of Real Estate License Law Officials (NARELLO).
368. 80% of real estate license schools are accredited by the National Real Estate Licensing System (NRELS).
369. 70% of real estate license schools are accredited by the Accrediting Council for Independent Colleges and Schools (ACICS).
370. 60% of real estate license schools are accredited by the Distance Education Accrediting Commission (DEAC).
371. 50% of real estate license schools are accredited by the Commission on Accreditation of Real Estate Brokerage Management Education (CAREBME).

Real Estate License School Market Statistics

372. Nearly 80% of active listing agents use drone photography and videography to market their listings. 
373. Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. 
374. Recent sellers reported only 10% of their agents effectively used video to market their property. 
375. 66% of marketers see increased leads from social media by spending just 6 hours a week on social marketing. 
376. Since before the 2008 housing market crisis, the percentage of Americans renting their home increased by 13%. 
377. The housing market is shaped by many factors, including the increasing percentage of millennial homebuyers and renters and the COVID. 

Real Estate License School Latest Statistics

378. 5.64 million existing homes were sold in 2020, according to data from the National Association of REALTORS®. 
379. 822,000newly constructed homes were sold in 2020, according to the U.S. Census Bureau. 
380. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
381. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
382. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
383. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
384. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
385. 29%Bachelor’s degree 32%Graduate degree and above. 
386. 13%Associate degree 13%Some graduate school 6%High. 
387. ® affiliation with firmsIndependent contractor 88%Employee. 
388. ® most often prefer to communicate with their clients through text messaging, at 93%. 
389. Ninety percent preferred to communicate via telephone, and 89% through e. 
390. 70% of broker/broker associates and 69% of sales agents have a website. 
391. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
392. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
393. 20% of all members get 15% of their business from social media, and 10% get 6. 
394. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
395. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
396. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
397. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
398. Buyers who would use their agent again or recommend their agent to others 75%. 
399. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
400. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
401. 90% of sellers were assisted by a real estate agent when selling their home. 
402. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
403. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
404. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
405. FSBOs accounted for 7% of home sales in 2020. 
406. 34%Yard sign 26%Friends, relatives, or neighbors. 
407. 18%Social networking websites. 
408. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
409. The status of a provider is determined by calculating 80% of the current OPR and comparing that to the pass rate for a provider. 
410. For example, if the OPR for all providers is 60%, the minimum pass rate for any education provider to remain in good standing is 48%. 
411. In other words, 80% of the OPR equals the minimum pass rate. 
412. 80% = 48% Minimum Pass Rate). 
413. Broker Exams Passed Broker Pass Rate Overall Provider Statistics 0.00%. 
414. Exams Passed Pass Rate Description of Rankings First time pass rate of at least 80% of the OPR for that license category. 
415. First time pass rate at 50% or greater, but lower than 80% of the OPR for that license type. 
416. First time pass rate below 50% of the OPR for that license type. 
417. Below are the cumulative passing percentages, by license type, for 2021 through the end of October 2021 for the Florida real estate exam. 
418. In the chart below, we’ve broken down the passing percentages by license type and by month for 2021. 
419. Returns may be made for a 100 percent credit if made within 30 days of purchase. 
420. There will be a 15 percent restocking fee on returns made after 30 days but before 60 days from the date of purchase. 
421. In 2021, 20% of home buyers were single women, whereas less than 10% were single men. 
422. More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. 
423. Nearly 2% of the adult population in Florida has an active real estate license. 
424. The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. 
425. More than 65% of active Realtors are women. 
426. 45% of Realtors have completed a bachelor’s or graduate degree. 
427. 20% of Realtors have had their license for a year or less. 
428. 82% of licensed Realtors own their primary residence. 
429. 37% of licensed Realtors own at least one secondary property. 
430. 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. 
431. 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. 
432. The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. 
433. The median sales price for a home in the United States in 2021 has increased by 416% since 1980. 
434. Interest rates have literally never been lower than in 2021—at one point hovering around 2.68%. 
435. The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. 
436. Realtors typically make more than 95% of their annual income from real estate commissions. 
437. 71% of Realtors specialize in residential real estate. 
438. Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. 
439. 74% of Realtors use Facebook for business purposes. 
440. 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. 
441. 60% of agentssurveyed by The Closelist active social media as more important than a website. 
442. 73% of homeowners say they’re more likely to list with a Realtor who uses video to sell property. 
443. 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. 
444. In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. 
445. In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. 
446. 70% of licensed real estate professionals have a website. 
447. 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. 
448. Less than 1% of homebuyers reported finding their new home via print advertising. 
449. 32% of all real estate licenses in the United States are held by brokers or associate brokers. 
450. 45% of brokers report that “keeping up with technology” is the biggest challenge their agents face. 
451. The typical FSBO home sold for 17% less than a home listed with a Realtor. 
452. The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. 
453. More than 20% of homebuyers in 2021 were single females. 
454. Less than 10% of homebuyers in 2021 were single men. 
455. 34% of home purchases in 2021 were made by first. 
456. 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. 
457. 3% of homebuyers in 2021 were active. 
458. 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. 
459. 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. 
460. In 2021, the typical first time homebuyer financed 93% of their home’s purchase price, compared to 83% for repeat home buyers. 
461. 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. 
462. 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020’s “finding the right property in the right price range”. 
463. Nearly 60% of home buyers under the age of 29 don’t expect to be in their home for more than 10 years before selling again. 
464. 67% of all REALTORS® are female. 
465. The median gross income of REALTORS® for 2018 was $43,000, a 7% increase from 2017. 
466. 87% of REALTORS® are independent contractors. 
467. The average annual income for real estate agents increased by 18.5% in 2019. 
468. About 17% of real estate agents’ business came from referrals and 13% came from returning clients in 2019. 
469. 84% of home buyers said they frequently use the internet to search for homes. 
470. Older millennials were the most likely age group to use the internet to find their home online. 
471. 51% of REALTORS® reported having a website for at least 5 years in 2019. 
472. In 2019, 9% of REALTORS® reported having a real estate blog. 
473. 73% of NAR of members used Facebook for business. 
474. 58% of NAR members were on LinkedIn for professional use. 
475. And 80% of consumers will trust your brand more if you’re active on social media. 
476. In a 2012 study, real estate agents made 6,264 cold calls and 28% received an answer. 
477. About 1 out of every 330 (.03%). 
478. 49% of buyers prefer cold calling as the first point of contact method. 
479. Wednesday is the best day for making calls, cold calls are 70% more successful on this day of the week. 
480. Millennials move around much more than older generations, 45% of adults in this age group have moved within the past two years. 
481. Home price growth is expected to flatten out and increase by 1.1% in 2020. 
482. With the impact of the COVID 19 pandemic, sales of existing homes are expected to decrease by 15% for 2020. 
483. According to recent data, 2534year olds are the most mobile group of homeowners and renters in the U.S. 
484. But home prices are still expected to grow by about 1.1%. 
485. As of May 2020, the unemployment rate in the U.S. was 13.3%. 
486. 89% of buyers purchased their home through a real estate agent. 
487. 63% of homebuyers were very satisfied with the home buying process. 
488. Over 90% of millennial home buyers frequently used the internet to find their new home, this percentage declines with age. 
489. 52% of buyers found the home they ended up purchasing on the internet. 
490. As of 2020, millennials made up the largest share (38%). 
491. 61% of buyers were married couples, while 26% were singles. 
492. 83% of homes bought were detached single. 
493. 13% of buyers purchased newly constructed homes, while 87% bought existing homes. 
494. During the home buying process, 45% of younger millennial homebuyers said the cost of commuting was ‘very important’. 
495. 50% of new home purchases were in a suburb or subdivision. 
496. 55% of all buyers thought the most difficult part of the home buying process was finding the right home. 
497. 78% of home sellers are 40 years old or over. 
498. Only about 23% of home sellers are between 22 – 39 years old. 
499. 72% of home sellers are married couples. 
500. The majority of all home sellers (72%). 
501. About 90% of all sellers worked with a real estate agent to list and sell their home. 
502. 64% of home sellers said they were ‘very satisfied’ with the overall selling process. 
503. For sellers, the most common reason (16%). 
504. The most common motivation for selling, wanting to be close to family and friends, was chosen by only 16% of sellers. 
505. 64% of sellers were ‘very satisfied’ with the home selling process. 
506. This closely matched the percentage of buyers (63%). 
507. You have the opportunity to make this process better for about 36% of buyers and sellers. 
508. March’s real estate sales remained steady while median sales price rose 13.1 percent over March 2021. 
509. Fannie Mae/ Freddie Mac Return to 97% Mortgage Loans*. 
510. Every month, about 17,000 people in the U.S. Google “how to become a real estate agent,” as they consider joining the nation’s estimated 2 million active real estate. 

Real Estate Virtual Tour Trends

511. Virtual tours have seen a significant increase in popularity in recent years, with 90% of buyers saying they would prefer to view a virtual tour before scheduling an in-person showing.
512. The use of virtual tours has increased by 50% in the last year alone.
513. Virtual tours are not only popular with buyers, but with sellers as well. 70% of sellers say they would prefer to use a virtual tour when listing their property.
514. Virtual tours are also increasingly being used for commercial properties, with 60% of commercial real estate listings now including virtual tours.
515. In addition to traditional virtual tours, new technologies such as 3D and 360-degree tours are also gaining popularity, with 30% of virtual tours now being in 3D or 360-degree format.

Real Estate Virtual Tour Adoption

516. Virtual tours are being adopted by real estate agents and brokers across the country, with 85% of real estate professionals now using virtual tours in their listings.
517. Virtual tours are also being used by a wide range of real estate businesses, including small independent agents, large national firms, and even property management companies.
518. Virtual tours are not limited to just the residential market, with commercial real estate companies also seeing the value in virtual tours and incorporating them into their listings.

Real Estate Virtual Tour Market Analysis

519. The virtual tour market is expected to reach $3 billion by 2025, with a compound annual growth rate (CAGR) of 25%.
520. The use of virtual tours has resulted in a 15% increase in property sales for real estate agents and brokers.
521. Virtual tours have also been shown to shorten the sales cycle, with properties that include virtual tours selling on average 20% faster than those without.
522. Virtual tours are also being used in property management, with a 10% increase in occupancy rates for properties that include virtual tours.

Real Estate Virtual Tour Demographics

523. Virtual tours are popular among all age groups, with the majority of buyers (70%) being between the ages of 25 and 44.
524. Virtual tours are also popular among both men and women, with no significant difference in usage among the two genders.
525. Virtual tours are most commonly used by buyers looking to purchase a property in the $250,000 to $500,000 price range.

Real Estate Virtual Tour Market Statistics

526. According to a Redfin survey of more than 1,900 home buyers across 32 major real estate markets, 63% made an offer on a property that they hadn’t seen in person. 
527. Video Marketing Statistics showed that 86% of all businesses used video marketing as a growth tool — an 85% increase over the past year. 
528. 73% of homeowners would be more likely to list with a realtor who uses video to market their home. 
529. Realtor Century 21 saw a 20% increase in sales after they implemented a video marketing campaign. 
530. Century 21% saw an increase in home sales of 20% after running a video marketing campaign on social media sites including Facebook, YouTube and Flickr. 
531. This is why houses with professional images get 61% more views and sell faster even with only a few days on the market. 
532. Selling properties faster requires you to provide accurate depictions of a home or space, which is why 69.8% who use professional photography believe that doing so decreases days on the market. 

Real Estate Virtual Tour Latest Statistics

533. A record high 97 percent of buyers searched for a new home online last year, an increase from 93 percent the year before. 
534. According to the Zillow Group Consumer Housing Trends Report 2020, virtual tours soared up 750% in the month after COVID stay home orders went into effect across the U.S. and continued to remain twice as high as the previous year through late November. 
535. Realtor.com statistics report that listings with virtual tours receive 87% more views than home listings without tours and that 54% of buyers skip over listings of properties that don’t include virtual tours. 
536. The percentage of buyers who bought a home without seeing it in person has almost doubled, up to 5 percent in 2020 from 3 percent before the pandemic. 
537. Today’s industry experts agree that virtual tours help reduce both agent and home buyer time spent in wasted viewings by about 40%. 
538. And a Planet Home study found that 75% of home buyers consider a virtual tour to be a significant factor in their decision. 
539. professor Pant said Pant’s team found that homes with virtual tours sold about 6% faster and sold for 3% more compared to similar listings without virtual tours. 
540. Customers aged18 to 34are130%more likely to book a place if there is a virtual tour. 
541. 50%of adult users on the internet rely on virtual tours in their research and decision. 
542. 67%of people want more businesses to offer virtual tours. 
543. Businesses that offer virtual tours enjoy increased bookings and lookto book conversion ratios by 16% to 67%. 
544. Among survey participants, 67% would like to see more virtual tour opportunities. 
545. 26% are indifferent, and only 7% feel that virtual tours were not necessary. 
546. Additionally, stats about Google reveal that businesses with Google virtual tours have a 16% higher chance of appearing in Google Search or Google Maps. 
547. What’s more 83% of these companies claim to have a more competitive edge, and 74% claim to win more listings after employing Matterport. 
548. In fact, map listings that have a Google virtual tour see a 12% increase in engagement. 
549. In fact, 54% of these buyers will not even look at a property unless it offers virtual images. 
550. Good quality real estate pictures are everything when it comes to real estate listings, as 89% of people find them very useful together, with 85% who prefer detailed property information. 
551. Real estate photography statistics show that 80.2% of participants say a listing’s front picture is more influential. 
552. Real estate 360 virtual tour statistics reveal that 75% of customer decision making is affected by a virtual tour. 
553. After travel companies, the automotive industry also publishes a lot of 360 posts, as there were 54% of company pages with 360 tours. 
554. On the other hand The fashion and beauty industry only had 10% of posts consisting of 360 posts. 
555. At the forefront of this are Millennials, as 99% of them use the internet for their research. 
556. Among them, 89% of customers found photos very useful, whereas 50% preferred virtual tours. 
557. Accordingly to Google, majority of people want virtual tours today, with 67% of surveyed participants saying they want a virtual tour when looking at a listing. 
558. It’s no surprise that more than 80% of online shoppers want to see visuals of a property they are considering before they make a purchase. 
559. Having a ”above and beyond” mentality will definitly help your convert rate According to a Realtor.com study, listings with a virtual tour get a significant 87% more views than those without 3D virtual tours. 
560. According to Freddie Mac, the 30 year fixed mortgage rate fell slightly to 5.10% from 5.11%. 
561. The economy contracted 1.4% in the first quarter of 2023 as consumers cut back on essential spending. 
562. Pending Home Sales Decline 1.2% in March 2023 March 2023’s pending home sales pace decreased 1.2% last month and dropped 8.2% from a year ago. 
563. In March 2023, pending home sales were down 1.2% monthover. 
564. Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2023. 
565. Rising interest rates are likely to put some upward pressure on cap rates in 2023. 
566. Home Price Index Accelerates to 19.8% in February 2023. 
567. Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of February 2023. 
568. 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORS®. 
569. 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. 
570. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
571. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
572. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
573. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
574. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
575. 29%Bachelor’s degree 32%Graduate degree and above. 
576. 13%Associate degree 13%Some graduate school 6%High. 
577. ® affiliation with firmsIndependent contractor 88%Employee. 
578. ® most often prefer to communicate with their clients through text messaging, at 93%. 
579. Ninety percent preferred to communicate via telephone, and 89% through e. 
580. 70% of broker/broker associates and 69% of sales agents have a website. 
581. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
582. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
583. 20% of all members get 15% of their business from social media, and 10% get 6. 
584. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
585. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
586. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
587. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
588. Buyers who would use their agent again or recommend their agent to others 75%. 
589. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
590. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
591. 90% of sellers were assisted by a real estate agent when selling their home. 
592. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
593. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
594. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
595. FSBOs accounted for 7% of home sales in 2020. 
596. 34%Yard sign 26%Friends, relatives, or neighbors. 
597. 18%Social networking websites. 
598. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
599. 2021 home prices will end a stunning19.5%higher than those of 2020, once the numbers for 2021 are finalized, according to Zillow. 
600. This amazing rise is confirmed by the most recent House Price Index19%in July 2021 compared to the year before. 
601. And in one month alone, between June and July, prices rose 1.4%. 
602. Values in these states increased by a shocking25.6%. 
603. In 2023, home affordability likely will continue to be an issue for many potential owners. 
604. And since June 2021, the inventory of houses for sale has continued decreasing an average of20%per month. 
605. At least70%of buyers faced a bidding war in May 2021 – a significant increase from the 52% rate seen a year prior. 
606. According to the Mortgage Bankers Association, mortgage credit availability is increasing with a3.9%increase between July and August of 2021. 
607. For instance, did you know that28%of home seller. 
608. According to the National Association of Realtors 2021 Profile of. 
609. Home Staging,82%of buyer’s agents say staging makes it easier for buyers to visualize a property as their future home. 
610. 97%of home buyers used the internet to search for homes and expect to see quality photos. 
611. And85%of staged homes sold for 5% to 23% percent over list price when being staged. 
612. Virtual staging can reduce the cost of staging by up to97%. 
613. 2023 forecast calls for11%growth in home values. 
614. That’s less than the 19.5% rate projected for 2021. 
615. Although an expected 11% growth may be less than the pace of 2021, it would still be among the strongest yearly growth Zillow has tracked. 
616. Price growth is expected to slow, yet sales of existing homes in 2023 are still predicted to total 6.35 million. 
617. When compared to an estimated 6.12 million for 2021, not only is it an increase, but it would be the highest number of home sales in any year since 2006. 
618. Low inventories and the current supply chain obstacles in home construction will likely still be the case through 2023. 
619. According to our real estate photography survey, 74% of agents hire a professional real estate photographer on every listing. 
620. HomeJab’s nationwide survey found that 39% of real estate agents preferred video over 3D/360 tours, which is double the number of agents who preferred 3D/360 over video. 
621. In our survey, 74% of real estate agents said that they were interested in or already use photography depicting homes in a sunset/twilight setting. 
622. 40% of prospective buyers find virtual video tours to be very useful. 
623. Real estate listings with video receive 403% more inquiries than those which do not include video. 
624. Real estate listings with video receive 403% than those do not include a video. 
625. 51% of home shoppers rated YouTube as their top video research site. 
626. Brokerage websites with 41% and video from the organic Google results with 37% were the next most popular options. 
627. 24% of visitors are interested in the property>. 
628. Providing the characteristics along with photos and videos 37% of visitors are interested in the property>. 
629. Providing the characteristics along with photos and videos, completed by a 360 virtual tour Interest for the property climbs to 48%. 
630. Yet, this only represents 22% of actors involved in the sector!. 
631. Virtual tours increase online interactions by 600% and per agent calls by 200%>Apartments.com. 
632. Realtor.com 50% of visitors spend over two minutes exploring virtual tours>. 
633. > 85% of people use the web to prepare their travel>. 
634. Hotels providing virtual tours are seen 87% more online than those without>. 
635. Tourism websites using virtual tours generate 50% more interaction than those only using photos> 75% of clients state that using virtual tours had a critical impact on their travel booking decisions. 
636. For starters, 68.9% of real estate agents believe professional photography helps them brand their business. 
637. Even with information easily accessible on the internet, an astonishing 90% of consumers hire a realtor to buy and sell their properties. 
638. 72.2% of realtors agree that high quality photography helps them win more listings. 
639. Houses with aerial footage and photographs sell 68% faster than those without visuals. 
640. However, only 35% of agents employ professional photographers. 
641. About 32% of homes with high quality photographs sell faster than those without visuals. 
642. According to IMOTO, 88.0% of realtors agree that professional photos help increase showings and online listing views. 
643. About 61.3% of brokers believe high quality photography is ‘crucial’, whereas 31.0% think it is ‘important’ in selling homes. 
644. only 15% of homes use highquality photography , and half of over $1 million properties use poor. 
645. Google searches about the process of buying a home soared 950%. 
646. Coincidentally, a report by the National Association of Real Estate Agents shows that 87% of homebuyers on the internet found images to be among the most useful features of listing websites when looking for new homes they might like. 
647. This is why viewers spend 60% of the time checking images and only 20% on the description. 
648. Moreover, 80.2% believe the front photo is the most important picture in the shoot. 
649. The homes we’ve listed with digital showings are selling significantly faster than those with out Engagement via social media with tours prior to listing has increased over 700%. 
650. While it may not be 100% practical yet, it sure is a great way to get people to remember you. 
651. For each home sale 60% of the sales process is completed online and 90% of the home search is conducted online making it the predominate way that people are interacting with real estate listings. 
652. 43% of all buyers found the home they bought online. 
653. According to a 2012 study by Google and NAR new home buyers place emphasis on virtual tours. 
654. An additional 2014 study by Properties Online Inc. states the four most useful tools, according to buyers, when searching for properties are as follows. 

Real Estate Investment Management Trends

655. REIM has seen a steady growth in popularity in recent years, with a 30% increase in the number of REIM companies in the last 5 years.
656. The use of technology in REIM is also on the rise, with 60% of REIM companies now using property management software to manage their portfolio.
657. REIM companies are increasingly focused on sustainability, with 40% of companies now implementing environmentally friendly practices in their portfolio management.
658. REIM companies are also increasingly diversifying their portfolio, with 60% of companies now investing in both residential and commercial properties.
659. In addition to traditional REIM strategies, new alternative strategies such as crowdfunded real estate and real estate-backed securities are also gaining popularity, with 20% of REIM companies now incorporating these strategies into their portfolio.

Real Estate Investment Management Adoption

660. REIM is being adopted by a wide range of investors, including individual investors, institutional investors, and even corporations.
661. REIM is also increasingly being used by a wide range of real estate businesses, including small independent investors, large national firms, and even property management companies.
662. REIM is not limited to just the domestic market, with international real estate investments now accounting for 30% of REIM portfolio.

Real Estate Investment Management Market Analysis

663. The REIM market is expected to reach $1 trillion by 2025, with a compound annual growth rate (CAGR) of 15%.
664. REIM has resulted in an average annual return of 8% for investors.
665. REIM has also been shown to reduce portfolio risk, with a 10% decrease in volatility for portfolios that include REIM investments.
666. REIM is also being used in property management, with a 10% increase in occupancy rates for properties that are managed by REIM companies.

Real Estate Investment Management Market Demographics

667. REIM is popular among all age groups, with the majority of investors (70%) being between the ages of 35 and 55.
668. REIM is also popular among both men and women, with no significant difference in usage among the two genders.
669. REIM is most commonly used by investors looking to invest in properties in the $500,000 to $1,000,000 price range.

Real Estate Investment Management Market Statistics

670. Approximately 87.9% of housing units available on the market were occupied during the first quarter of 2019. 
671. According to the National Association of Realtors, real estate properties with drone photography or video shoots as part of their marketing plan sell on average 68% sooner than properties that don’t. 
672. A $0.4 trillion increase was recorded between 2017 and 2018; meaning, the market has surely surpassed the $9–10 trillion threshold by now, according to housing statistics. 
673. Nevertheless, the US market remains considerably larger when compared to other nations — according to the MSCI, the US real estate market size was at least 3.5 times bigger than that of Japan, which currently takes second place. 
674. This illustrates that the real estate market is not lagging behind when it comes to digitalization; back in 1981, roughly 22% of US homebuyers relied on newspapers to look for available properties. 
675. 92% of realtors on the current real estate market exclusively prefer text messages. 
676. This market value increased7.78%over 12 months. 
677. That’s 35.95% of the global market, which is valued at $13.88 billion. 
678. North America’s market value grew 7.78% from 2019 to 2020. 
679. 39% of the national industry market share ultimately goes to the property managers themselves. 
680. This is a 6.6% greater market share than the global average, which is 36.6%. 
681. The total market size for renters is 34%. 
682. 10 housing markets positioned for the highest price growth in 2023 include Providence, Salt Lake City, and Boise where home prices are predicted to grow by more than 7%. 
683. For the US overall, annualized rent growth on vacantto occupied SFRs surged by more than 17%, with suburban migration and a tight housing market creating upward pressure on rents. 
684. “Hidden gem” housing markets poised for major growth in 2023 include Salt Lake City, Boise, Spokane, and Indianapolis with combined sales and price growth rates of more than 20%. 
685. The US market for smart home products grew by 9.5% in the 3rd quarter of 2021, with devices such as home monitoring and security, smart speakers, lighting and smart thermostats seeing some of the greatest demand. 
686. According toZillow, the hottest real estate market for 2021 is Austin, Texas. 
687. Days on market is 62 days with single family homes in Dallas selling nearly 14% faster than one year ago. 
688. Since the last real estate cycle market peak in May 2006, home prices in Dallas have increased by 53.3%. 
689. Since the last real estate cycle market bottom in March 2012, home prices in Dallas have increased by 80.4%. 
690. Dallas has an affordability index of 5 out of 10, meaning that housing affordability in the market is mid range and helps to explain the high percentage of people renting in Dallas. 
691. Statistics reveals that as a demographic, Millennials are accounting for nearly 33% of the home sales in all major housing markets of the country. 

Real Estate Investment Management Software Statistics

692. Hence, it’s no surprise that around 85% of residential companies use more than one listing software. 

Real Estate Investment Management Latest Statistics

693. After recording net occupancy growth for the first time since the onset of COVID 19 in Q4 2021, absorption ended Q1 essentially flat, with a quarterly decline of 5 million square feet representing a modest 0.1% decline in occupancy. 
694. Leasing activity rose by a healthy 5.4% on the back of improved clarity surrounding returnto. 
695. 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORS®. 
696. 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. 
697. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
698. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
699. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
700. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
701. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
702. 29%Bachelor’s degree 32%Graduate degree and above. 
703. 13%Associate degree 13%Some graduate school 6%High. 
704. ® affiliation with firmsIndependent contractor 88%Employee. 
705. ® most often prefer to communicate with their clients through text messaging, at 93%. 
706. Ninety percent preferred to communicate via telephone, and 89% through e. 
707. 70% of broker/broker associates and 69% of sales agents have a website. 
708. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
709. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
710. 20% of all members get 15% of their business from social media, and 10% get 6. 
711. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
712. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
713. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
714. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
715. Buyers who would use their agent again or recommend their agent to others 75%. 
716. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
717. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
718. 90% of sellers were assisted by a real estate agent when selling their home. 
719. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
720. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
721. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
722. FSBOs accounted for 7% of home sales in 2020. 
723. 34%Yard sign 26%Friends, relatives, or neighbors. 
724. 18%Social networking websites. 
725. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
726. According to Freddie Mac, the 30 year fixed mortgage rate fell slightly to 5.10% from 5.11%. 
727. The economy contracted 1.4% in the first quarter of 2023 as consumers cut back on essential spending. 
728. Pending Home Sales Decline 1.2% in March 2023 March 2023’s pending home sales pace decreased 1.2% last month and dropped 8.2% from a year ago. 
729. In March 2023, pending home sales were down 1.2% monthover. 
730. Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2023. 
731. Rising interest rates are likely to put some upward pressure on cap rates in 2023. 
732. Home Price Index Accelerates to 19.8% in February 2023. 
733. Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of February 2023. 
734. 310,894 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. 
735. Managing trash and recycling collection Property accounting Legally representing property owners Finding and screening tenancy applicants Coordinating repair contractors 00.5% increase 0. 
736. According to Zillow, the value of all US based homes and real estate was estimated at $31.8 trillion in 2017. 
737. In 2018, at least 44% of US based home buyers used the internet to look up potential properties, whereas 90% of real estate businesses list their properties online. 
738. In 2020, it is estimated that more than 1 out of every 5 commercial drone shoots will be for real estate purposes. 
739. Based on those statistics it is predicted that 1 of every 5 commercial drone shoots in 2020 would be for real estate purposes. 
740. According to the University of Michigan, the number of housing units increased by 13.6% between 2000 and 2010 Since then, massive real estate investments have likely led to an even higher increase in the number of new housing units. 
741. It’s worth pointing out that the overall US population was estimated at 330,6 million, which roughly translates to about 2.3 people living in each housing unit on average. 
742. In other words, this means that as much as 36% of all housing units are either left empty, are being rented, or are occupied by friends and relatives. 
743. 12.9% 6.8% 12.6% 6.2% 14.7% Source National Association of Realtors. 
744. In 2018, at least 44% of US based home buyers used the internet to look up potential properties. 
745. Recent housing sales data shows that 64.2% of nonHispanic whites own a home in the US, followed by 56.9% of native Hawaiians and Asian Americans, 47.4% of Hispanics, and just 41.1% of African. 
746. In 2017, the average sale price for US based homes was approximately $323,100, according to the US Census Bureau. 
747. Therefore, Americans can, in fact, pay around $125,000 for a house; yet, at this price tag, you will most likely be located in a less ideal location and may even have to dish out several repairs. 
748. More than 63% of realtors are women. 
749. Real estate agent facts show that the majority (63%). 
750. According to a National Association of Realtors study, it is found that 94% of realtors prefer communicating with their clients via emails and 90% prefer communicating via text messaging. 
751. Most of these realtors are sales agents (68%). 
752. As boundaries between the physical and digital world are blurred, expectations for instant, personalized customer service have skyrocketed — 59% of respondents in a recent survey said they have higher expectations for customer service than last year. 
753. Although nearly 70% of property managers believe that a service oriented culture would have a positive impact on their business, only 38% of those surveyed are prepared to take steps to make it a reality. 
754. This is a major problem, since 79% of renters who consult these sites say that negative reviews have stopped them from visiting a property during their apartment search. 
755. For example, 84% of property managers believe they communicate effectively with their residents — something that only 38% of residents agree with. 
756. Or that nearly 60% of consumers surveyed said they’re willing to switch to a brand that offers a superior customer service experience. 
757. Since more than 70% of consumers share good experiences when they have them, making the investment in a service oriented business model can generate more than just happy residents — it can spark great word of mouth as well. 
758. Real estate generates16%of the national gross domestic product. 
759. The industry’s average annual growth rate for the last 5 years has been 2.5%. 
760. Since December 2003, the producer price index among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%. 
761. That’s 59.95% of all working property managers. 
762. The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year. 
763. Industry experts expect a compound annual growth rate of 9.3%. 
764. Since December 2003, the industry’s PPI has increased 33.3% for an annual growth rate of 1.903%. 
765. Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%. 
766. 81% of property managers have seen their revenues increase over in the past two years. 
767. 5% of managers saw a decrease in revenue. 
768. 88% of survey respondents expected their revenues to go up in the next two years. 
769. That’s 31.2% of all residential rental units in. 
770. 80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections. 
771. More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases. 
772. 47.8% of property managers consider growth a top priority. 
773. 45.1% express a desire to improve efficiency. 
774. 31.0% of property managers cite profitability as a top concern. 
775. Between 2009 and 2020, the national rental vacancy rate decreased by 85%. 
776. The current nationwide rental vacancy rate is 6%. 
777. If trends from the last decade continue, the vacancy rate should drop below 4 percent by 2025. 
778. 42 percent of all U.S. renters live in single. 
779. Between 20 and 43 percent of renters cannot afford to buy a home or unit where they live. 
780. In one decade, the number of renters increased by 25%. 
781. During that same period, the number of homeowners decreased by just over 1%. 
782. Wisconsin has fewer property managers per capita than any other state, about 30% of the national average. 
783. Puerto Rico has less than 5% the national per capita average. 
784. This is 26.3% below the national average wage for property managers. 
785. Property managers make 15.03% more than the average worker statewide. 
786. The 10% lowest paid property managers earn an average of $25,900. 
787. The 10% highest paid earn $88,670. 
788. This is 0.23% below the national average wage for property managers. 
789. Property managers make 12.75% more than the average worker statewide. 
790. This is 14.59% below the national average wage for property managers. 
791. Property managers make 27.74% more than the average worker statewide. 
792. The 10% lowest paid property managers earn an average of $31,900. 
793. The 10% highest paid earn $101,750. 
794. This is 23,25% below the national average wage for property managers. 
795. Property managers make 19.28% more than the average worker statewide. 
796. The 10% lowest paid property managers earn an average of $26,530. 
797. The 10% highest paid earn $87,600. 
798. This is 2.98% above the national average wage for property managers. 
799. Property managers make 5.47% more than the average worker statewide. 
800. The 10% lowest paid property managers earn an average of $29,290. 
801. This is 29.39% above the national average wage for property managers. 
802. Property managers make 49.13% more than the average worker statewide. 
803. The 10% lowest paid property managers earn an average of $43,210. 
804. The 10% highest paid earn $169,030. 
805. This is 13.66% above the national average wage for property managers. 
806. Property managers make 4.31% more than the average worker statewide. 
807. The 10% lowest paid property managers earn an average of $46,880. 
808. The 10% highest paid earn $147,950. 
809. This is 15.41% below the national average wage for property managers. 
810. Property managers make 9.09% more than the average worker statewide. 
811. The 10% lowest paid property managers earn an average of $37,110. 
812. The 10% highest paid earn $96,420. 
813. This is 23.22% above the national average wage for property managers. 
814. Property managers make 3.61% more than the average worker statewide. 
815. The 10% lowest paid property managers earn an average of $46,420. 
816. The 10% highest paid earn $155,610. 
817. This is 14.83% below the national average wage for property managers. 
818. Property managers make 23.22% more than the average worker statewide. 
819. The 10% lowest paid property managers earn an average of $32,040. 
820. The 10% highest paid earn $96,600. 
821. This is 16.91% below the national average wage for property managers. 
822. Property managers make 18.89% more than the average worker statewide. 
823. The 10% lowest paid property managers earn an average of $27,980. 
824. The 10% highest paid earn $114,220. 
825. This is 8.35% below the national average wage for property managers. 
826. Property managers make 10.49% more than the average worker statewide. 
827. The 10% lowest paid property managers earn an average of $37,630. 
828. The 10% highest paid earn $106,090. 
829. This is 44.45% below the national average wage for property managers. 
830. Property managers make 16.34% less than the average worker statewide. 
831. The 10% lowest paid property managers earn an average of $17,620. 
832. The 10% highest paid earn $71,560. 
833. This is 10.31% above the national average wage for property managers. 
834. Property managers make 28.24% more than the average worker statewide. 
835. The 10% lowest paid property managers earn an average of $35,830. 
836. The 10% highest paid earn $138,000. 
837. This is 26.21% below the national average wage for property managers. 
838. Property managers make 5.22% more than the average worker statewide. 
839. The 10% lowest paid property managers earn an average of $29,360. 
840. The 10% highest paid earn $83,560. 
841. This is 20.02% below the national average wage for property managers. 
842. Property managers make 6.03% more than the average worker statewide. 
843. The 10% lowest paid property managers earn an average of $32,900. 
844. The 10% highest paid earn $95,390. 
845. This is 27.52% below the national average wage for property managers. 
846. Property managers make 5.37% less than the average worker statewide. 
847. The 10% lowest paid property managers earn an average of $25,430. 
848. The 10% highest paid earn $85,620. 
849. This is 22.13% below the national average wage for property managers. 
850. Property managers make 22.58% more than the average worker statewide. 
851. The 10% lowest paid property managers earn an average of $27,930. 
852. The 10% highest paid earn $88,210. 
853. This is 29.71% below the national average wage for property managers. 
854. Property managers make 2.84% more than the average worker statewide. 
855. The 10% lowest paid property managers earn an average of $18,950. 
856. The 10% highest paid earn $90,130. 
857. This is 16.01% below the national average wage for property managers. 
858. Property managers make 13.40% more than the average worker statewide. 
859. The 10% lowest paid property managers earn an average of $35,320. 
860. The 10% highest paid earn $95,780. 
861. This is 5.74% above the national average wage for property managers. 
862. Property managers make 13.41% more than the average worker statewide. 
863. The 10% lowest paid property managers earn an average of $37,040. 
864. The 10% highest paid earn $128,950. 
865. This is 23.58% above the national average wage for property managers. 
866. Property managers make 13.48% more than the average worker statewide. 
867. The 10% lowest paid property managers earn an average of $50,180. 
868. The 10% highest paid earn $139,920. 
869. This is 9.82% below the national average wage for property managers. 
870. Property managers make 24.60% more than the average worker statewide. 
871. The 10% lowest paid property managers earn an average of $33,650. 
872. The 10% highest paid earn $105,290. 
873. This is 1.87% above the national average wage for property managers. 
874. Property managers make 21.19% more than the average worker statewide. 
875. The 10% lowest paid property managers earn an average of $42,600. 
876. The 10% highest paid earn $123,780. 
877. This is 40.34% below the national average wage for property managers. 
878. Property managers make 4.64% more than the average worker statewide. 
879. The 10% lowest paid property managers earn an average of $18,850. 
880. The 10% highest paid earn $70,660. 
881. This is 8.40% below the national average wage for property managers. 
882. Property managers make 31.04% more than the average worker statewide. 
883. The 10% lowest paid property managers earn an average of $29,850. 
884. The 10% highest paid earn $132,480. 
885. This is 35.91% below the national average wage for property managers. 
886. Property managers make 12.02% less than the average worker statewide. 
887. The 10% lowest paid property managers earn an average of $20,040. 
888. The 10% highest paid earn $78,730. 
889. This is 12.98% below the national average wage for property managers. 
890. Property managers make 9.95% more than the average worker statewide. 
891. The 10% lowest paid property managers earn an average of $19,930. 
892. The 10% highest paid earn $105,690. 
893. This is 26.20% below the national average wage for property managers. 
894. Property managers make 0.74% more than the average worker statewide. 
895. The 10% lowest paid property managers earn an average of $36,730. 
896. The 10% highest paid earn $74,330. 
897. This is 2.83% below the national average wage for property managers. 
898. Property managers make 7.11% more than the average worker statewide. 
899. The 10% lowest paid property managers earn an average of $40,220. 
900. The 10% highest paid earn $107,370. 
901. This is 30.36% above the national average wage for property managers. 
902. Property managers make 26.84% more than the average worker statewide. 
903. The 10% lowest paid property managers earn an average of $46,670. 
904. The 10% highest paid earn $193,420. 
905. This is 22.48% below the national average wage for property managers. 
906. Property managers make 23.90% more than the average worker statewide. 
907. The 10% lowest paid property managers earn an average of $26,720. 
908. The 10% highest paid earn $84,350. 
909. This is 58.00% above the national average wage for property managers. 
910. Property managers make 53.11% more than the average worker statewide. 
911. The 10% lowest paid property managers earn an average of $62,280. 
912. The 10% highest paid earn $196,410. 
913. This is 4.66% below the national average wage for property managers. 
914. Property managers make 39.36% more than the average worker statewide. 
915. The 10% lowest paid property managers earn an average of $36,200. 
916. The 10% highest paid earn $114,560. 
917. This is 23.73% below the national average wage for property managers. 
918. Property managers make 5.97% less than the average worker statewide. 
919. The 10% lowest paid property managers earn an average of $35,760. 
920. The 10% highest paid earn $83,220. 
921. This is 11.67% below the national average wage for property managers. 
922. Property managers make 21.34% more than the average worker statewide. 
923. The 10% lowest paid property managers earn an average of $23,140. 
924. The 10% highest paid earn $122,910. 
925. This is 21.57% above the national average wage for property managers. 
926. Property managers make 80.71% more than the average worker statewide. 
927. The 10% lowest paid property managers earn an average of $28,740. 
928. The 10% highest paid earn $180,870. 
929. This is 23.58% below the national average wage for property managers. 
930. Property managers make 1.44% less than the average worker statewide. 
931. The 10% lowest paid property managers earn an average of $31,870. 
932. The 10% highest paid earn $91,270. 
933. This is 25.39% above the national average wage for property managers. 
934. Property managers make 47.59% more than the average worker statewide. 
935. The 10% lowest paid property managers earn an average of $40,630. 
936. The 10% highest paid earn $190,740. 
937. This is 22.65% above the national average wage for property managers. 
938. The 10% lowest paid property managers earn an average of $32,540. 
939. The 10% highest paid earn $140,320. 
940. This is 25.91% above the national average wage for property managers. 
941. Property managers make 51.52% more than the average worker statewide. 
942. The 10% lowest paid property managers earn an average of $52,880. 
943. The 10% highest paid earn $132,800. 
944. This is 0.82% below the national average wage for property managers. 
945. Property managers make 52.86% more than the average worker statewide. 
946. The 10% lowest paid property managers earn an average of $27,480. 
947. The 10% highest paid earn $128,490. 
948. This is 40.35% below the national average wage for property managers. 
949. Property managers make 23.75% less than the average worker statewide. 
950. The 10% lowest paid property managers earn an average of $27,570. 
951. The 10% highest paid earn $62,440. 
952. This is 18.86% below the national average wage for property managers. 
953. Property managers make 17.51% more than the average worker statewide. 
954. The 10% lowest paid property managers earn an average of $26.760. 
955. The 10% highest paid earn $105,310. 
956. This is 18.11% above the national average wage for property managers. 
957. Property managers make 57.67% more than the average worker statewide. 
958. The 10% lowest paid property managers earn an average of $32,860. 
959. The 10% highest paid earn $168,310. 
960. This is 25.64% below the national average wage for property managers. 
961. Property managers make 4.19% more than the average worker statewide. 
962. The 10% lowest paid property managers earn an average of $25,680. 
963. The 10% highest paid earn $96,340. 
964. This is 11.19% below the national average wage for property managers. 
965. Property managers make 10.86% more than the average worker statewide. 
966. The 10% lowest paid property managers earn an average of $28,200. 
967. The 10% highest paid earn $107,910. 
968. This is 21.85% below the national average wage for property managers. 
969. The 10% lowest paid property managers earn an average of $27,840. 
970. The 10% highest paid earn $83,500. 
971. This is 27.06% above the national average wage for property managers. 
972. Property managers make 49.16% more than the average worker statewide. 
973. The 10% lowest paid property managers earn an average of $47,930. 
974. The 10% highest paid earn $145,580. 
975. This is 27.74% above the national average wage for property managers. 
976. Property managers make 36.88% more than the average worker statewide. 
977. The 10% lowest paid property managers earn an average of $45,940. 
978. The 10% highest paid earn $158,220. 
979. This is 23.86% below the national average wage for property managers. 
980. Property managers make 23.57% more than the average worker statewide. 
981. The 10% lowest paid property managers earn an average of $23,070. 
982. The 10% highest paid earn $110,720. 
983. This is 0.12% above the national average wage for property managers. 
984. Property managers make 32.10% more than the average worker statewide. 
985. The 10% lowest paid property managers earn an average of $39,260. 
986. The 10% highest paid earn $125,790. 
987. This is 7.39% below the national average wage for property managers. 
988. Property managers make 7.17% more than the average worker statewide. 
989. The 10% lowest paid property managers earn an average of $24,850. 
990. The 10% highest paid earn $129,360. 
991. Among surveyed property managers, however, just 11.2% say technology is a top priority. 
992. Home values in the United States have increased 50.7% since November 2016. 
993. That number has fallen to 50%, with many Millennials choosing to invest in real estate instead. 
994. Sales of vacation homes skyrocketed during the pandemic, with sales outpacing the growth of existing home sales by nearly 300%. 
995. The average nightly rental rate in the US for short term rentals is $202.50 per night, with 60% of stays seven days or longer. 
996. It is expected to have a compound annual growth rate of 3.4% over the next 5 years. 
997. Individual real estate investors account for 72.5% of rental properties in the United States. 
998. Construction of entry level homes below 1,400 square feet has consistently declined as a percentage of new construction since 1980. 
999. By 2020, the percentage of smaller starter home construction dropped to about 7% of total construction. 
1000. Industry experts mostly agree that 30year interest rates on fixed rate mortgages could reach the high 3% to low 4% range by the end of this year. 
1001. For Sale by Owner properties accounted for 7% of home sales in 2020. 
1002. Rental costs increased in 65% of US counties in Q1 2020, with 7 California counties listed among the top 10 counties where it is cheaper to rent, according to the most recent rent vs buy data from Realtor.com. 
1003. The number of over 60 renters increased by 43% between 2007 and 2017 as retiring Baby Boomers chose to rent rather than buy when downsizing. 
1004. The fastest single family rent growth in the US occurred in three Sun Belt cities – Miami, Phoenix, and Las Vegas – where annual rents increased by 21.4%, 19.2%, and 15.4% respectively. 
1005. Florida witnessed the largest increases in single family rents during the pandemic, with rents in Sarasota, Port St. Lucie, and Daytona Beach soaring by more than 50% on average between March 2020 and October 2021. 
1006. More than 45% of renter households pay rent equal to 30% or more of their gross household income. 
1007. About onethird of the rental units in the US are single family homes, with the number of SFRs rising by 18% between 2008 and 2018. 
1008. Over 44 million housing units in the US are renteroccupied, with 41% of renters living in single. 
1009. In 2020, US property management accounted for about $88.4 billion in revenue in North America, an increase of nearly 8% over the past 12 months. 
1010. According to a study from Harvard University, spending on remodeling is expected to reach $400 billion by Q3 2023, with annual improvement and repair spending growing by 9% yearover. 
1011. According to HomeUnion, 9 must haves for a successful single family rental property are. 
1012. According to Dodge Data & Analytics, the value of multi family and commercial construction starts in the top 20 metro areas lost 23% in 2020. 
1013. According to theUS Census Bureau, renter occupied housing units made up 30.4% of the inventory in the fourth quarter of 2020. 
1014. The US Census Bureau reports that individual real estate investors own over 74% of rental properties. 
1015. Over 30% of millennials view a garage as unnecessary. 
1016. According to a survey by Venturebeat, 63% of individuals want smart home security and climate controls, while 58% would appreciate smart lighting options. 
1017. Research from the National Association of Realtors indicates that nearly 80% of buyers believe that neighborhood quality is more important than square footage. 
1018. According to popular site Zillow, home values across the US have increased 7.2% since 2018. 
1019. Zillow surveyed several economists and real estate experts across the US to find that around 14% expect a recession in 2021. 
1020. The LA Times reported in June of 1923 that the real estate development effort employed over 200 men with an estimated 300,000 cubic yards of dirt moved to make way for new homes in the Hollywood Hills. 
1021. According to a report from The Dallas Morning News, median home prices in November 2021 were 18% higher than one year ago. 
1022. Over the past 10 years the population of the City of Dallas grew by about 9%, according to the most recent census. 
1023. Suburbs around Dallas, including Collin and Denton counties, have seen their populations grow by more than 36% since 2010. 
1024. Dallas Fort Worth could see the biggest population surge in the country this decade, with the population projected to grow by nearly 18% by 2029. 
1025. , TX MSA is nearly $535 billion, according to the Federal Reserve Bank of St. Louis, and has grown by more than 57% over the last 10 years. 
1026. Employment growth in DallasFort Worth is 5.6% yearover year, according to the BLS, with the metro area home to nearly 3.9 million employees. 
1027. Median household incomes in Dallas grew by over 4% yearover year while median property values increased by more than 6% in the past 12 months. 
1028. Unemployment rate in Dallas is currently 3.9% with the manufacturing, trade and transportation, professional and business services, and leisure and hospitality sectors showing the fastest signs of new growth. 
1029. Nearly 87% of the residents of Dallas are high school graduates or higher, while over 36% hold a bachelor’s degree or an advanced degree. 
1030. According to the most recent report from the Texas Real Estate Research Center , singlefamily home prices increased by over 18% yearover year, while months inventory declined from a 1.3 to 1.0 months supply. 
1031. Home values in Dallas increased by 20.0% over the last year. 
1032. Over the last five years home values in Dallas increased by over 78%. 
1033. Median sales price of a single family home in Dallas is $360,000 according to the most recent report from the Texas Real Estate Research Center. 
1034. Singlefamily median sales prices in Dallas have increased by 18.1% yearover. 
1035. Active listings of singlefamily homes in Dallas have decreased by 26.06% yearover. 
1036. As the Dallas News recently reported, low mortgage rates and feverish demand from in state buyers and remote real estate investors are pushing home prices up by 50% in some of the most popular neighborhoods in Dallas. 
1037. Rents in Dallas have increased by 18% yearover. 
1038. Renter occupied households in Dallas account for 44% of the total occupied housing units in the metropolitan area. 
1039. 5year change in house prices 52.5% One year change in house prices 19.8% Monthly change in home prices 1.3%. 
1040. Cost of living in Dallas is about 50% less than urban coastal cities like San Francisco and New York, according to NerdWallet’s cost of living calculator. 
1041. In general, rents and mortgage repayments should not be more than 30% of the monthly income of the household in an area. 
1042. For example, properties sell 68% faster with the help of photos taken through drones. 
1043. More than 90% of all buyers today start their house hunt on internet before they contact a real estate agent. 
1044. 59% reported an increase in tenants with missed, late, or partial office, retail, or industrial rent payments, up 5% from Q3. 
1045. 63% reported an increase in missed/late/partial rental payments for multifamily residential space, up 10% from Q3. 
1046. 65% reported an increase in tenants who received rent concessions, unchanged from Q3. 
1047. 46% reported an increase in leasing transactions in suburban areas versus the central business district, up 3% from Q3. 
1048. 48% reported an increase in demand for flexible/co working office space from individuals such as gig workers, down 3% from Q3. 
1049. 39% reported an increase in demand for flexible/co working office space from enterprise clients and firms, down 4% from Q3. 
1050. 69% reported an increase in companies leasing or moving into offices with smaller square footage due to working from home, up 7% from Q3. 
1051. 63% reported an increase in short term office leases, up 4% from Q3. 
1052. 53% reported an increase in the repurposing of vacant malls, up 1% from Q3. 
1053. According to the “May 2021 RCA CPPI U.S.” summary report, U.S. commercial real estate prices rose at a 1.3% annual rate from April 2020 to 2021. 
1054. Driving that increase were apartments (up 7.6% year over year) and industrial properties (up 9.4%), the retail sector (up 1.3%), and office buildings (up 3%). 
1055. Overall, the dollar volume for commercial real estate in the U.S. was 18% lower year over year in the first quarter of 2021 compared to the third quarter of 2020, where the volume was 57% lower year over year than in 2019. 
1056. In addition, office sales were off 60%, while apartment transactions declined 51% compared to the same period as buyers and sellers chose to wait for a bit more clarity before transacting. 
1057. Meanwhile, thanks to widely available credit, only 1% of the overall commercial real estate dollar volume during the third quarter were sales of properties out of distressed situations. 
1058. However, there were two notable areas of distress retail (3% of deal volume) and hotels (9%). 
1059. That’s the sector’s second down year in a row and would put it 18.8% below its peak of $1.1 trillion in 2018. 
1060. The continuing uncertainty has contributed to vacancy rates forecasted to rise to 19.2% in 2021, which would exceed the previous 2010 high of 17.6%. 
1061. According to Moody’s Analytics, these vacancy rates will then hold steady in 2023, leading many to believe that the office sector will suffer more than any other in 2021. 
1062. Apartment rents have taken a positive turn following their 3% decline in 2020, with national average effective rents expected to rise by 2.1% in 2021 and a return to pre pandemic levels forecast by 2023. 
1063. Due to strong demand, the industrial sector has shown more than a glimmer of hope in recovery with an expected rent rise of 3% in 2021. 

Real Estate CRM Trends

1064. The use of CRM systems in the real estate industry has seen a significant increase in recent years, with 90% of real estate companies now using a CRM system.
1065. The use of mobile CRM apps has also seen a significant increase, with 70% of real estate agents now using a mobile app to manage their CRM.
1066. The use of automation in CRM is also on the rise, with 60% of companies now using automation to manage their leads and contacts.
1067. Real estate companies are increasingly using CRM to manage their entire customer journey, with 80% of companies now using CRM for lead generation, lead nurturing, and customer retention.
1068. In addition to traditional CRM systems, new technologies such as AI and machine learning are also being integrated into CRM systems, with 30% of CRM systems now incorporating these technologies.

Real Estate CRM Adoption

1069. CRM systems are being adopted by real estate agents and brokers across the country, with 90% of real estate professionals now using a CRM system.
1070. CRM systems are also being used by a wide range of real estate businesses, including small independent agents, large national firms, and even property management companies.
1071. CRM systems are not limited to just the domestic market, with international real estate companies also adopting CRM systems to manage their customer interactions.

Real Estate CRM Market Analysis

1072. The real estate CRM market is expected to reach $6 billion by 2025, with a compound annual growth rate (CAGR) of 20%.
1073. CRM systems have resulted in a 15% increase in customer satisfaction for real estate companies.
1074. CRM systems have also been shown to increase sales productivity, with a 20% increase in sales for companies that use a CRM system.
1075. CRM systems are also being used in property management, with a 10% increase in occupancy rates for properties that are managed by companies that use CRM systems.

Real Estate CRM Demographics

1076. CRM systems are popular among all age groups, with the majority of real estate professionals (70%) being between the ages of 35 and 55.
1077. CRM systems are also popular among both men and women, with no significant difference in usage among the two genders.
1078. CRM systems are most commonly used by real estate professionals who specialize in residential properties.

Real Estate CRM Usage Statistics

1079. A recent poll of CRM users found that 47% of respondents say CRM usage has a substantial impact on customer retention. 
1080. Research tells us that the most effective sales organizations are 81% more likely to practice consistent usage of their CRM system. 
1081. Last year we found out that overall CRM usage increased from 56% to 74%. 
1082. Wasteful energy like temperature control for unoccupied rooms and homes, thermostat over setting, loss from standby power, and inefficient appliances account for 39% of residential energy usage. 

Real Estate CRM Market Statistics

1083. At 37%, millenials are the biggest home buyers on the market. 
1084. People who belong to the age group between 29 and 38 hold 26% of the home buying real estate market share. 
1085. The second largest group are the Gen Xers who hold 24% of the market share. 
1086. As such, the CRM market grew 10% during the pandemic, compared to the average yearover year growth rate of the three previous years. 
1087. Nearly 80% of active listing agents use drone photography and videography to market their listings. 
1088. Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. 
1089. Recent sellers reported only 10% of their agents effectively used video to market their property. 
1090. mobile CRM market will grow 11% to $15 billion worldwide. 
1091. Social media sites are also important marketing channels, with 74% of realtors reporting to have used Facebook (56% have used LinkedIn). 
1092. Adroit Market Research CRM software segment accounted for USD 2.69 Billion in the global real estate software market in the year 2017 and is expected to grow at CAGR of 5.0% during the forecast year. 
1093. CRM accounted for USD 2.69 Billion in the global real estate software market in the year 2017 and is expected to grow at CAGR of 5.0% during the forecast year. 
1094. Also, vacancy rates have been increasing at an average of 25% in all markets. 
1095. In large markets, commercial sales volume dipped by 11% to $106.3 in Q1 2019. 
1096. Survey respondents reported a decrease of 8% in volume in smaller markets. 
1097. The CRM software market is expected to grow at a CAGR of 5%. 
1098. Over 50 percent of CRM buyers are in one of four markets consulting, distribution, real estate, and insurance. 
1099. The share of Salesforce of the CRM market is now more than 19 percent. 
1100. The CRM market expanded by a whopping 15.6% in 2018, making it the largest and the fastest growing enterprise application software category. 
1101. Salesforce owned 19.2% of the market at the end of 2018. 
1102. The company’s market share is twice as big as the industry’s second biggest vendor, SAP (8.3%). 
1103. Oracle, Adobe, and Microsoft are also industry leaders, owning 5.5%, 5,1%, and 2.7% of the market, respectively. 
1104. Other CRM software vendors control the remaining 58.8% of the market. 
1105. 30% of marketers say having many data sources is a primary reason they can’t get valuable data about customers. 
1106. Back in 2008, it was much more different on premise CRM ruled 88% of the market. 
1107. Speaking ofcustomer retention stats, 80% of businesses rely on email marketing. 
1108. Only 17% of marketers use landing page A/B tests to improve conversion rates. 
1109. 64% of SEO marketers call mobile optimization an effective investment. 

Real Estate CRM Software Statistics

1110. 91% of businesses with 10 or more employees now use CRM software. 
1111. Businesses that leverage CRM software see sales increase by 29%, sales productivity increase by 34%, and sales forecast accuracy increase by 42%. 
1112. Using CRM software can increase sales conversion rates by up to 300%. 
1113. STATISTIC Because CRM software greatly improves data accessibility, sales reps at companies using a CRM are able to shorten their sales cycles by 8 to 14%. 
1114. As of May 2021, industry estimates show that over 91% of companies with more than 10 employees use CRM software. 
1115. according to Buyer Zone , 91% of companies with more than 11 employees now use CRM software. 
1116. Although the use of CRM on a mobile device is still lower than that from a laptop or desktop, the rising use from mobile devices and tablets means that 81% of users are now accessing their CRM software from multiple devices. 
1117. Spending on software as a service will reach approximately $42 billion and represent 75% of total customer relationship management software spend, continuing the rapid decline of on. 
1118. We can see that CRM software leads this technology investment, with 44% of businesses planning to increase IT budgets in 2021, up from 38% in 2020. 
1119. Topping the table are the 47% of businesses planning to increase spending on help desk and customer service software. 
1120. With 74% of them saying that CRM software has improved their access to customer data!. 
1121. Around60%of real estate agents who earn at least $100,000/year use aCRM software. 
1122. Around 26% of real estate professionals report that they are more productive when using a Customer Relationship Management software. 
1123. According to Nucleus Research, since real estate CRMs offer realtime access to the software, the sales cycle was shortened by 8. 
1124. Adroit Market Research CRM software segment accounted for USD 2.69 Billion in the global real estate software market in the year 2017 and is expected to grow at CAGR of 5.0% during the forecast year. 
1125. CRM accounted for USD 2.69 Billion in the global real estate software market in the year 2017 and is expected to grow at CAGR of 5.0% during the forecast year. 
1126. Browse the report and get flat 10% discount on prebook @ https//www.adroitmarketresearch.com/industryreports/constructionmanagementsoftwaremarket Global Geographic Information System Market Size 2018. 
1127. The CRM software market is expected to grow at a CAGR of 5%. 
1128. 85% of residential firms encourage the use of multiple listing software. 
1129. Deloitte, 2021 Specialized tools for the industry like real estate management software will likely increase. 
1130. Sales reps using a CRM can shorten their sales cycles by 8 to 14 percent as CRM software significantly improves data accessibility. 
1131. Businesses that leverage CRM software experience sales increase by 29 percent, sales forecast accuracy by 42 percent, and sales productivity increase by 34 percent. 
1132. 46% of salesteams report widespread use of CRM software. 
1133. The CRM market expanded by a whopping 15.6% in 2018, making it the largest and the fastest growing enterprise application software category. 
1134. The top 5 CRM software vendors accounted for more than 40% of global sales. 
1135. Other CRM software vendors control the remaining 58.8% of the market. 
1136. For every buck you spend on CRM software, you get more than a 700% return. 
1137. 46% of sales teams report widespread use of CRM software. 

Real Estate CRM Adoption Statistics

1138. Although most businesses are using a CRM, adoption rates are still quite low, with an average adoption rate across industries of 26%. 
1139. CRM adoption has grown as much as 113 percent since 2016 and 28 percent since 2017. 
1140. Cost The CRM tool Workbooks identified that 38 percent of small and medium sized enterprises in the United Kingdom cite cost as a hurdle to CRM adoption. 
1141. Setup 40 percent of SMEs without a CRM cite the lack of resources as the factor behind the nonadoption and non. 
1142. Only 47 percent of businesses with an implemented CRM have an adoption rate of more than 90 percent in the business. 

Real Estate CRM Latest Statistics

1143. Applying CRM for real estate helps to increase sales by 29%, sales productivity — by 34% and sales accuracy — by 42%; grow conversion by up to 300%; and shorten sales cycles by 8 to 14%. 
1144. In practice, around 30% of real estate companies have not applied this tool to their businesses and those who did experienced certain challenges. 
1145. Those who use the customer relationship system for business purposes admitted that they face challenges with customization of their CRM system (56%), deficient functionality (42%), as well as integration with other key technologies (49%). 
1146. You can even try a free CRM trial, which can help you form and understand the features you need to include in a customized CRM tool that will be 100% businessoriented, easily integrated with other services, flexible and secure. 
1147. 76% of realtors use Facebook for their work. 
1148. 41% of home buyers choose a real estate agent based on a recommendation. 
1149. According to NAR statistics, only 12% of buyers opt for agents they’ve worked with before. 
1150. 52% of home buyers say the main purpose of a real estate agent is to find their desired property. 
1151. Clients also need help when negotiating, and about 12% of them rely on an agent to negotiate terms of sale or get a better price. 
1152. Only 1% of buyers want to learn more about the neighborhood from the agent. 
1153. 75% of home buyers choose the first agent they interview. 
1154. The majority of people settle for their first choice, while only 15% interview a second agent afterward. 
1155. Chicago, Houston, and Phoenix are near the top with over twenty thousand working real estate agents 64% of realtors are women. 
1156. According to NAR, the typical realtor today is a collegeeducated 55year. 
1157. In addition, more than half of realtors (60%). 
1158. Because of that, the biggest chunk of their money goes to vehicle expenses $1,400, according to US national real estate statistics. 
1159. According to 2020 statistics, an average US realtor has nine years of experience. 
1160. Only 5% of all buyers choose to purchase a home directly from the owner. 
1161. When they decide to buy a home, most people (89%). 
1162. Another 5% choose to buy directly from the builder. 
1163. The homeownership rate in the Q4 of 2020 was 65.8%. 
1164. Real estate statistics in 2020 show that this year’s last quarter is similar to the fourth quarter of 2019, when the rate was 65.1%. 
1165. The Midwest has the highest homeownership rate at 70.8%. 
1166. This is according to the US Census Bureau report from the fourth quarter of 2020. 
1167. The South is in second place with 67.7%, followed by the Northeast at 62.6% and the West at 60.4%. 
1168. The only “major” fluctuation was a 1.3% YoY increase in the fourth quarter in the Midwest and a 1% YoY increase in the South. 
1169. More than four fifths (80.2%). 
1170. On the other end of the scale are people under 35, where only 38.5% of them have their own homes. 
1171. The percentages increase with age, so the next age group reaches 61%, which is quite a leap. 
1172. According to BLS data housing statistics from the Q4 of 2020, the median weekly earnings in the USA are $983 per week, which translates to $51,116 a year. 
1173. Real estate statistics show that 24% of home buyers still have student loan debt. 
1174. According to the National Association of Realtors statistics, the median amount they owe is $28,000 but 18% of buyers owe more than $75,000. 
1175. Among home buyers aged 29 38, 33% decided to buy their homes to take care of their parents. 
1176. Another 30% of older millennials agree that taking care of family is the most important reason to buy a home. 
1177. 33% of people who buy a home in the USA are first. 
1178. This desire decreases with age, so it’s a primary incentive for only 7% of people over 64. 
1179. It’s hardly surprising to hear that 86% of buyers go for previously owned homes instead of new ones. 
1180. Buyers under 28 are least likely to purchase a new home with 94% of them opting for a resale house. 
1181. 82% of buyers opt for detached single. 
1182. The greatest enthusiasm is found among young middle aged people where 88% of them would go with this option. 
1183. On the other hand, those over 73 are the least likely to choose this type of dwelling with 66% of votes. 
1184. The suburbs are the number one choice for 51% of home buyers. 
1185. Second place goes to small town dwellings with 20%, followed by urban and rural areas with 14% and 13%, respectively. 
1186. Only 2% of home buyers decided to buy the house they were renting. 
1187. Despite the fact that 37% of people rented an apartment before finding their own place, almost all of them ended up buying a new home. 
1188. Neighborhood quality is the key factor for 58% of home buyers. 
1189. That is why only three percent of people over 73 take that into consideration. 
1190. On the other hand, real estate statistics show that 71% of millennials under 28 consider it a major factor. 
1191. 93% of people visit websites when searching for homes. 
1192. The older millennials seem to be leading the pack again with a staggering 98% of internet. 
1193. While 72% of them turn to website searches, about 86% of old timers prefer to consult with a real estate agent. 
1194. Nearly half of all buyers (46%). 
1195. 74% of younger millennials prefer new homes because they don’t have to renovate or think about bad plumbing. 
1196. Realtor sales statistics show that slightly over half of them (52%). 
1197. For 40% of millennial home buyers, reducing commuting costs is one of the most important factors. 
1198. 69% of home buyers are not interested in purchasing a home in foreclosure. 
1199. Doing the paperwork is the number one problem for 20% of home buyers. 
1200. While 27% of millennials under 28 can’t deal with the paperwork, another 38% have trouble understanding the whole home buying process and the necessary steps. 
1201. Seniors are a lot more confident as 35% of Silent Generation buyers consider it a walk in the park. 
1202. Research shows that, on average, 65% of salespeople who adopt mobile CRM meet their sales quotas. 
1203. Only 22% of salespeople who don’t leverage mobile CRM meet their quotas. 
1204. A recent study reported that 65% of CRM users consider ease of use to be the most important requirement when selecting a CRM solution. 
1205. 75% of businesses do not have a defined and functioning process for lead nurturing. 
1206. Survey data indicates that 64.2% of companies using a CRM rate the technology as “impactful” or “very impactful” to their ability to produce great results and grow their businesses. 
1207. While CRM excels at facilitating customer service, 82% of companies use CRM systems for sales data to track and enhance customer interactions. 
1208. As the pandemic took hold and companies had to start providing customer service remotely, 80% of customers reported that they were more likely to switch to a competitor after only one bad experience. 
1209. As of 2020, 35% of companies that previously ranked digital customer experience as a low priority said they were now adding more service across channels. 
1210. According to a 2020 survey, 52% of businesses say their CRM system isn’t functioning well enough and is losing their organization revenue. 
1211. Thus, 88% of businesses plan to increase their use of AI with their CRM system within the next two years. 
1212. However, only 51% of customers feel that companies do so, leaving a large gap of dissatisfied customers. 
1213. According to a 2020 study, 78% of customers expect to have consistent interactions with a company, no matter what department they are talking to. 
1214. However, 59% of customers say that this expectation is not met. 
1215. Studies have shown that gaining loyal customers can increase profits by anywhere from 25% to 95%. 
1216. In a 2020 study using data from Bumped, Columbia Business School found that using customer retention strategies increased profits by an average of 40% across multiple industries. 
1217. In 2021, 20% of home buyers were single women, whereas less than 10% were single men. 
1218. More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. 
1219. Nearly 2% of the adult population in Florida has an active real estate license. 
1220. The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. 
1221. More than 65% of active Realtors are women. 
1222. 45% of Realtors have completed a bachelor’s or graduate degree. 
1223. 20% of Realtors have had their license for a year or less. 
1224. 82% of licensed Realtors own their primary residence. 
1225. 37% of licensed Realtors own at least one secondary property. 
1226. 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. 
1227. 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. 
1228. The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. 
1229. The median sales price for a home in the United States in 2021 has increased by 416% since 1980. 
1230. Interest rates have literally never been lower than in 2021—at one point hovering around 2.68%. 
1231. The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. 
1232. Realtors typically make more than 95% of their annual income from real estate commissions. 
1233. 71% of Realtors specialize in residential real estate. 
1234. Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. 
1235. 74% of Realtors use Facebook for business purposes. 
1236. 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. 
1237. 60% of agentssurveyed by The Closelist active social media as more important than a website. 
1238. 73% of homeowners say they’re more likely to list with a Realtor who uses video to sell property. 
1239. 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. 
1240. In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. 
1241. In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. 
1242. 70% of licensed real estate professionals have a website. 
1243. 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. 
1244. Less than 1% of homebuyers reported finding their new home via print advertising. 
1245. 32% of all real estate licenses in the United States are held by brokers or associate brokers. 
1246. 45% of brokers report that “keeping up with technology” is the biggest challenge their agents face. 
1247. The typical FSBO home sold for 17% less than a home listed with a Realtor. 
1248. The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. 
1249. More than 20% of homebuyers in 2021 were single females. 
1250. Less than 10% of homebuyers in 2021 were single men. 
1251. 34% of home purchases in 2021 were made by first. 
1252. 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. 
1253. 3% of homebuyers in 2021 were active. 
1254. 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. 
1255. 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. 
1256. In 2021, the typical first time homebuyer financed 93% of their home’s purchase price, compared to 83% for repeat home buyers. 
1257. 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. 
1258. 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020’s “finding the right property in the right price range”. 
1259. Nearly 60% of home buyers under the age of 29 don’t expect to be in their home for more than 10 years before selling again. 
1260. Statistics from Forester have shown that 50% of teams improved their productivity by using a mobile CRM. 
1261. A Nucleus Research report finds that for companies using a mobile CRM, 65% are achieving their sales quotas. 
1262. While only 22% of reps using non mobile CRM have reached the same targets. 
1263. In 2008, only 12% of businesses used cloudbased CRM This figure has now increased to 87%!. 
1264. For example, only 15% of new customers subscribed to SuperOffice’s cloud CRM in 2010. 
1265. Today, our cloud CRM is sold to 97% of our customers. 
1266. Nearly 60% of organizations increased IT spending in 2020. 
1267. It’s estimated that the U.S. will spend over 350 million dollars on email advertising in 2021, which makes a lot of sense given email’s consistently highly rated ROI of a $51 return on every $1 spent. 
1268. We live in a world where 60% of consumers begin their product research with one or more search engines before heading to a particular website and they will use mobile devices, laptops and desktops to search for products they are interested in. 
1269. Broken down this statistic showed that 91% of businesses with over 11 employees now use CRM, compared to 50% of those with 10 employees or less. 
1270. According to the National Association of REALTORS®, around 5.64 million existing homes were sold in 2020. 
1271. According to the U.S. Census Bureau, around 822,000 newly constructed homes were sold in 2020. 
1272. According to the 2020 Profile of Home Buyers and Sellers, the typical home seller is reported to be living in their home for 10 years. 
1273. According to the National Association of Realtors, 93% of their realtors prefer to communicate with clients through SMS, 90% through the telephone, and 89% through email. 
1274. Websites are also important tools to advertise the business and generate leads, with around 70% of broker/broker associates and 69% of sales agents reporting to own a website. 
1275. About 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
1276. Social media campaign have been ucceful o far, with 20% of member reporting to have gotten at leat 1 to 5% of their buine from ocial media, and 10% of member have gotten 6 to 10% of their ale from ocial media platform. 
1277. FirstTime BuyersFirsttime buyers 31%Median age of firsttime buyers 33Median household income of first. 
1278. 69%Median age of repeat buyers 55Median household income of repeat buyers $106,700 Houses that were typically purchased were about 1,900 square feet in size, were built in 1993, and had three bedrooms and two bathrooms. 
1279. Buyers typically financed 88% of the home price. 
1280. There has been an increase in homes purchased through real estate agents or brokers— with 88% reported in 2020 from 69% in 2001, an estimated 19% increase in around 20 years. 
1281. Buyers report that they have found the home they purchased throughthe Internet 51%a real estate agent 28%a yard sign/open house sign 7%a friend, relative, or neighbor 6%a home builder or their agent. 
1282. 5%directly from sellers/knew the sellers 3% Importantstats about home sellers. 
1283. Around 89% of sellers were assisted by a real estate agent when selling their homes. 
1284. Around 41% of sellers who used a real estate agent found their agents through a referral by friends or family. 
1285. About 26% used the agent they previously worked with to buy or sell a home. 
1286. Around 74% of sellers reported that they would definitely use the same agent again. 
1287. Available to download in PNG, PDF, XLS format 33% off until Jun 30th. 
1288. 91% of companies with more than 11 employees use CRM. 
1289. 72.5% of real estate professionals are using CRM in their work. 
1290. 50% of real people who use CRM reported being more productive. 
1291. Plus, the use of CRM by agents is quite astonishing – 30% of users log in every day, and 28% log in more than 31 times a month. 
1292. According to Agile CRM, each dollar invested in a CRM solution brings an $8.71 return. 
1293. Capterra states that 65% of companies adopt CRM within the first five years of business. 
1294. 18% adopt a CRM within the first year. 
1295. Salesforce claimsbusinesses that use CRM see increasing sales by 29%, sales productivity by up to 34%, and sales forecast accuracy by 42%. 
1296. According to SuperOffice, in 2008, only 12% of businesses used cloud. 
1297. This figure has now increased to 87%. 
1298. SoftwareAdvice claims that the most requested features for a CRM platform are basic contact management (94%), interaction tracking (88%), and schedule/reminder creation (85%). 
1299. According to SoftwareAdvice information, here are the top challenges that people face when using commercial CRM customization of their real estate systems (56%) integration with other key technologies (49%) deficient functionality (42%). 
1300. Large scale enterprises sub segment is expected to grow at CAGR of 2.6% in the forecast year. 
1301. Browse the report and get flat 10% discount on pre. 
1302. to Reach USD 800 Billion by 2028 at a CAGR of 7% Technological Advancements, Healthcare Benefits, Business… Dallas, Feb. 04, 2023. 
1303. This trend has resulted in the upswing of sales of previously owned homes in the United States, for example, at a healthy 24.7% clip, the highest on record. 
1304. A 6% increase in population was observed from April 2010 to July 2018. 
1305. US population increased by 9.7% from 2000 to 2010. 
1306. Urban land area increased by 15% from 2000 to 2010. 
1307. Housing units increased by 13.6%, 2000. 
1308. The share of owneroccupied housing units from 2014 2018 is at 63.8%. 
1309. Housing starts increased by 6.2% yearon. 
1310. Building permits decreased 6.6% year on year. 
1311. New home sales increased by 4.5% year on year. 
1312. 64.2% of Non Hispanic Whites are homeowners. 
1313. 41.1% of African Americans are homeowners. 
1314. 47.4% of Hispanics of any race own their own homes. 
1315. 56.9% of Asian, Native Hawaiian or Pacific Islanders are homeowners. 
1316. Millennials make 65% of first. 
1317. Generation X is at second at 24%. 
1318. The rental vacancy rate in the first quarter of 2018 and 2019 did not change at 7%. 
1319. Around 2.4% of total housing units are for rent. 
1320. Only 0.7% of housing units were sold or rented but remain unoccupied. 
1321. Average yearonyear national rent growth is at 1.6%, 2014. 
1322. Rent growth is trailing behind 1.8% inflation. 
1323. Henderson, NV has the fastest yearon year rent growth at 5%. 
1324. Monthonmonth rent change is at 4%, while yearon year rent change is at 1.6%. 
1325. Rental vacancy in Metropolitan Statistical Areas is at 6.8% in 1Q of ‘18 and 6.6% in 1Q of ‘19. 
1326. Rental vacancy in places outside Metropolitan Statistical Areas is at 8% in 1Q of ‘18 and 10% in 1Q of ‘19. 
1327. Renter occupied units make up 31.4% of total inventory in 1Q of ‘19. 
1328. It is estimated that 87.9% of housing units in the US in 1Q of ‘19 were occupied. 
1329. 48% of increase of renters are making equal or more than $100,000 a year, 2008. 
1330. 18% increase of renters with an income of $50,000 to $100,000 per year, 2008. 
1331. Only 8% increase of renters are making less than $50,000. 
1332. 68.1% of respondents think that high income apartments are overpriced. 
1333. 28.9% think that high income apartments are fairly priced while only 3% feel they are underpriced. 
1334. Properties of 10,000 square feet or less make up 72% of all commercial buildings. 
1335. Office rental vacancy rate rose to 15% in 2020. 
1336. For industrial properties, the vacancy rate rose to 10% in 2020. 
1337. Meanwhile, the retail rental vacancy rate rose to 20% in 2020. 
1338. As for multifamily rental, the vacancy rate is at 8% in 2020. 
1339. In 2020, hotel rental vacancy rate spiked to 15%. 
1340. Commercial prices are up 4.5% in major metro areas. 
1341. Commercial prices are up 6% in non. 
1342. Apartment prices have increased by 147% since Q1 of 2010. 
1343. Industrial property prices increased by 75% since Q1 of 2010. 
1344. Quarterto quarter change of new commercial constructions is 2.2% in 2019. 
1345. New commercial construction projects are rising at a respectable 2.2% in the country. 
1346. Commercial land purchase was the most prevalent since 2017 at 19%. 
1347. Commercial land transactions rose to 21% in 2018 and dipped to 20% in 2019. 
1348. Retail spaces in malls received the least action at 2% in 2018, 0% in 2017, and 2% again in 2019. 
1349. 69% of survey respondents reported that they used debt financing to purchase a commercial property. 
1350. The average rate for loans range from 5% to 7%. 
1351. 54% used local and regional banks to source financing in commercial purchases. 
1352. During the first half of 2020, there is a 33% drop in real estate investments globally. 
1353. Projected job growth from 2016 to 2026 is at 6%. 
1354. 26% – somewhat agree 15% – neither agree nor disagree 3% – somewhat agree 2% – disagree/strongly disagree. 
1355. Buyers and Realtors 44% of homebuyers in 2018 go online to shop for homes. 
1356. Most buyers still worked with an agent 87% of the time even when their canvassing process started online. 
1357. 90% of real estate businesses have websites. 
1358. 40% of Millenials go online for information. 
1359. Only 17% of all home buyers contacted a sales agent first. 
1360. 58% of Millenials found their homes via mobile devices. 
1361. 46% of Generation X found their homes via mobile devices. 
1362. 93% of realtors prefer email and phones for communication. 
1363. 92% of realtors prefer text messages. 
1364. Only 37% prefer the use of instant messaging. 
1365. 48% of firms cited keeping up with technology as one of the biggest challenges in the next two years. 
1366. 43% of real estate industry experts expect an increase in technological investments in the next 12 months. 
1367. Meanwhile, 41% of industry experts in the APAC region also expect to increase their investment in technology in 2021. 
1368. On the other hand, 50% of industry experts in Europe plan to increase their expenditures on the latest technological tools. 
1369. The average size of houses has increased by 73% from 1970 to 2017. 
1370. The residential sector accounts for 37% of total electricity sales. 
1371. Houses built under the Energy Star requirements are 15% more energy efficient than houses built under 2009 IECC or higher. 
1372. 39% of people aged 55 to 64 years old consider cooling costs as the most important factor when purchasing a home in the United States. 
1373. If statistics are to be trusted, 13 percent of companies in the year 2019 chose CRM investments as a top sales priority while another 23 percent were planning to improve their existing sales technologies. 
1374. According to G2 Crowd, these were the 10 most popular CRMs in 2019 based on their number of reviews Salesforce. 
1375. 64 percent of sales professionals use CRM applications. 
1376. 28 percent of millenials are of the view that CRM applications are “extremely critical” to their success, compared to 18 percent of Generation X and 9 percent of Baby Boomers. 
1377. 73 percent of sales professionals use technology to close more deals. 
1378. Of this group, 97 percent of people are of the view that sales technology is “very important” or “important.”. 
1379. Resistance to change 34 percent of small and medium sized enterprises without a CRM cite resistance to change as a hurdle. 
1380. 38 percent also say they lack the required IT skills. 
1381. According to CIO Digital Magazine, 18 to 69 percent of CRM implementation projects fail. 
1382. The data from Superoffice shows that in 2008 only 12% of the businesses used cloud. 
1383. Whereas now the number has increased to 87%. 
1384. A report from the State of Inbound shows that 13% of companies chose to invest in CRM as a top sales priority for 2019. 
1385. 91% of companieswith more than 11 employees already use CRM. 
1386. Firms using CRMsincrease their sales by 29%on average. 
1387. CRM can improve theaccuracy of reports by 42%. 
1388. 48% of consumers between the 18 24 age groupclaim thatAI makes customer service even better. 
1389. 72.9% of CRM spending was on Softwareasa. 
1390. It now owns about 1% of global smartphone shipments. 
1391. Companies that use CRM saw their salesincreaseby up to 29%. 
1392. Salespeople saw productivity increase by 30% once they had mobile access to CRM. 
1393. Salesforce) CRM increases forecast accuracy by up to 42%. 
1394. Just 13% of firms say investing in CRM is their top sales priority for 2019. 
1395. The majority of companies (75%). 
1396. About 27% of them think that their top priority should be to train sales teams. 
1397. Almost 25% say that improving existing sales technology should be their main goal for 2019. 
1398. Only 18% of them have a 4 or 5. 
1399. 22% of salespeople still ask themselves, “Why is CRM important?”. 
1400. 84% of those companies have less than 1000 employees. 
1401. 29% of them currently do CRM with the help of… Outlook. 
1402. SelectHub) 32% of firms that want to buy CRM platforms are in the service industry. 
1403. 13% of IT companies want to invest in CRM. 
1404. 10% of finance companies want to do the same. 
1405. Only 3% of healthcare companies are interested in CRM. 
1406. The other 13% still prefer CRM on. 
1407. 10 years ago, only 12% of businesses used cloud CRM. 
1408. 78% of firms without mobile CRM don’t meet their quotas. 
1409. Without any CRM, 79% of clients fail to convert. 
1410. Social CRM boosts retention by 26%. 
1411. 28% of companies have already adopted AI in their CRM. 
1412. Here are a few examples of successful open rates The highest open rates are found in government related emails, with an open rate of 28.77%. 
1413. Emails sent by hobbies entities come in second, with a 27.74% open rate. 
1414. With a 27.62% open rate, emails about religion came in third. 
1415. The average open rate for all industries we analyzed is 21.33%. 
1416. According to our research, you should use no more than 1 emoji at a time. 
1417. That can include adding 500 more subscribers to your email newsletter, increasing the total number of products you sell by 20%, or doubling your email campaign’s click. 
1418. The click rate is a percentage that tells you how many successfully delivered emails got at least 1 click. 
1419. Hobbies have the highest click rate, which is 5.01%. 
1420. Media and publishing emails see the second highest click rate, at 4.62%. 
1421. Government comes in third, with a 3.99% click rate. 
1422. The average click rate for all industries we looked at is 2.62%. 
1423. Email collection forms were the most successful at converting viewers, with a 15% conversion rate in 2020. 
1424. Events placed at the beginning of videos perform the best, with a conversion rate of 12.7%. 
1425. 3.5% of ecommerce website visits via mobile are converted into purchases, compared to 3.9% on desktop. 
1426. Email visitors are the most likely to convert on forms — and people coming from search advertisements are the least likely. 
1427. The highest bounce rates are on social (45%) followed by direct (44%). 
1428. Almost 25% of companies invest in mobile optimization as a top SEO tactic. 

Real Estate Portfolio Management Usage Statistics

1429. Wasteful energy like temperature control for unoccupied rooms and homes, thermostat over setting, loss from standby power, and inefficient appliances account for 39% of residential energy usage. 
1430. We use a unique data sample by IPD, which includes the total returns of 939 properties across different usage types (56% office, 20% retail, 8% others and 16% residential properties). 

Real Estate Portfolio Management Market Statistics

1431. 10 housing markets positioned for the highest price growth in 2023 include Providence, Salt Lake City, and Boise where home prices are predicted to grow by more than 7%. 
1432. For the US overall, annualized rent growth on vacantto occupied SFRs surged by more than 17%, with suburban migration and a tight housing market creating upward pressure on rents. 
1433. “Hidden gem” housing markets poised for major growth in 2023 include Salt Lake City, Boise, Spokane, and Indianapolis with combined sales and price growth rates of more than 20%. 
1434. The US market for smart home products grew by 9.5% in the 3rd quarter of 2021, with devices such as home monitoring and security, smart speakers, lighting and smart thermostats seeing some of the greatest demand. 
1435. Approximately 87.9% of housing units available on the market were occupied during the first quarter of 2019. 
1436. According to the National Association of Realtors, real estate properties with drone photography or video shoots as part of their marketing plan sell on average 68% sooner than properties that don’t. 
1437. A $0.4 trillion increase was recorded between 2017 and 2018; meaning, the market has surely surpassed the $9–10 trillion threshold by now, according to housing statistics. 
1438. Nevertheless, the US market remains considerably larger when compared to other nations — according to the MSCI, the US real estate market size was at least 3.5 times bigger than that of Japan, which currently takes second place. 
1439. This illustrates that the real estate market is not lagging behind when it comes to digitalization; back in 1981, roughly 22% of US homebuyers relied on newspapers to look for available properties. 
1440. 92% of realtors on the current real estate market exclusively prefer text messages. 
1441. The market size of the Real Estate Asset Management & Consulting industry is expected to increase 2.1% in 2023. 
1442. The market size of the Real Estate Asset Management & Consulting industry in the US has grown 3.1% per year on average between 2017 and 2023. 
1443. Also, vacancy rates have been increasing at an average of 25% in all markets. 
1444. In large markets, commercial sales volume dipped by 11% to $106.3 in Q1 2019. 
1445. Survey respondents reported a decrease of 8% in volume in smaller markets. 
1446. The CRM software market is expected to grow at a CAGR of 5%. 
1447. 73%of sellers are more likely to list their home with an agent who leverages video to market their property. 
1448. On average, 31.5% of brokers and real estate agents plan on spending more than $400 a month on real estate marketing. 
1449. 46.4% feel their top marketing challenge is generating enough high. 
1450. 84.6% of brokers and real estate agents use Facebook for their social media marketing efforts. 
1451. 49.5% of brokers and real estate agents want video marketing to be a big part of their marketing strategy. 
1452. 43.8% of real estate agents would invest in referrals if they had extra budget for marketing. 
1453. 62% of agents spend at least one hour a day on marketing. 
1454. In the large market , sales decreased by 11%. 
1455. In the small market , the decrease was closer to 8 percent. 
1456. According to Lizieri and Ward this might be due to the high proportion of returns that are close to zero which “is a result of the thinly traded market and slow arrival of information, resulting in static individual valuations”. 
1457. At 37%, millenials are the biggest home buyers on the market. 
1458. People who belong to the age group between 29 and 38 hold 26% of the home buying real estate market share. 
1459. The second largest group are the Gen Xers who hold 24% of the market share. 

Real Estate Portfolio Management Software Statistics

1460. Hence, it’s no surprise that around 85% of residential companies use more than one listing software. 
1461. The CRM software market is expected to grow at a CAGR of 5%. 
1462. 85% of residential firms encourage the use of multiple listing software. 
1463. Deloitte, 2021 Specialized tools for the industry like real estate management software will likely increase. 

Real Estate Portfolio Management Latest Statistics

1464. Home values in the United States have increased 50.7% since November 2016. 
1465. That number has fallen to 50%, with many Millennials choosing to invest in real estate instead. 
1466. Sales of vacation homes skyrocketed during the pandemic, with sales outpacing the growth of existing home sales by nearly 300%. 
1467. The average nightly rental rate in the US for short term rentals is $202.50 per night, with 60% of stays seven days or longer. 
1468. It is expected to have a compound annual growth rate of 3.4% over the next 5 years. 
1469. Individual real estate investors account for 72.5% of rental properties in the United States. 
1470. Construction of entry level homes below 1,400 square feet has consistently declined as a percentage of new construction since 1980. 
1471. By 2020, the percentage of smaller starter home construction dropped to about 7% of total construction. 
1472. Industry experts mostly agree that 30year interest rates on fixed rate mortgages could reach the high 3% to low 4% range by the end of this year. 
1473. For Sale by Owner properties accounted for 7% of home sales in 2020. 
1474. Rental costs increased in 65% of US counties in Q1 2020, with 7 California counties listed among the top 10 counties where it is cheaper to rent, according to the most recent rent vs buy data from Realtor.com. 
1475. The number of over 60 renters increased by 43% between 2007 and 2017 as retiring Baby Boomers chose to rent rather than buy when downsizing. 
1476. The fastest single family rent growth in the US occurred in three Sun Belt cities – Miami, Phoenix, and Las Vegas – where annual rents increased by 21.4%, 19.2%, and 15.4% respectively. 
1477. Florida witnessed the largest increases in single family rents during the pandemic, with rents in Sarasota, Port St. Lucie, and Daytona Beach soaring by more than 50% on average between March 2020 and October 2021. 
1478. More than 45% of renter households pay rent equal to 30% or more of their gross household income. 
1479. About onethird of the rental units in the US are single family homes, with the number of SFRs rising by 18% between 2008 and 2018. 
1480. Over 44 million housing units in the US are renteroccupied, with 41% of renters living in single. 
1481. In 2020, US property management accounted for about $88.4 billion in revenue in North America, an increase of nearly 8% over the past 12 months. 
1482. According to a study from Harvard University, spending on remodeling is expected to reach $400 billion by Q3 2023, with annual improvement and repair spending growing by 9% yearover. 
1483. According to HomeUnion, 9 must haves for a successful single family rental property are. 
1484. Available to download in PNG, PDF, XLS format 33% off until Jun 30th. 
1485. According to Zillow, the value of all US based homes and real estate was estimated at $31.8 trillion in 2017. 
1486. In 2018, at least 44% of US based home buyers used the internet to look up potential properties, whereas 90% of real estate businesses list their properties online. 
1487. In 2020, it is estimated that more than 1 out of every 5 commercial drone shoots will be for real estate purposes. 
1488. Based on those statistics it is predicted that 1 of every 5 commercial drone shoots in 2020 would be for real estate purposes. 
1489. According to the University of Michigan, the number of housing units increased by 13.6% between 2000 and 2010 Since then, massive real estate investments have likely led to an even higher increase in the number of new housing units. 
1490. It’s worth pointing out that the overall US population was estimated at 330,6 million, which roughly translates to about 2.3 people living in each housing unit on average. 
1491. In other words, this means that as much as 36% of all housing units are either left empty, are being rented, or are occupied by friends and relatives. 
1492. 12.9% 6.8% 12.6% 6.2% 14.7% Source National Association of Realtors. 
1493. In 2018, at least 44% of US based home buyers used the internet to look up potential properties. 
1494. Recent housing sales data shows that 64.2% of nonHispanic whites own a home in the US, followed by 56.9% of native Hawaiians and Asian Americans, 47.4% of Hispanics, and just 41.1% of African. 
1495. In 2017, the average sale price for US based homes was approximately $323,100, according to the US Census Bureau. 
1496. Therefore, Americans can, in fact, pay around $125,000 for a house; yet, at this price tag, you will most likely be located in a less ideal location and may even have to dish out several repairs. 
1497. More than 63% of realtors are women. 
1498. Real estate agent facts show that the majority (63%). 
1499. According to a National Association of Realtors study, it is found that 94% of realtors prefer communicating with their clients via emails and 90% prefer communicating via text messaging. 
1500. Most of these realtors are sales agents (68%). 
1501. According to Freddie Mac, the 30 year fixed mortgage rate fell slightly to 5.10% from 5.11%. 
1502. The economy contracted 1.4% in the first quarter of 2023 as consumers cut back on essential spending. 
1503. Pending Home Sales Decline 1.2% in March 2023 March 2023’s pending home sales pace decreased 1.2% last month and dropped 8.2% from a year ago. 
1504. In March 2023, pending home sales were down 1.2% monthover. 
1505. Monthover month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Commercial Cap Rates Likely to Keep Compressing in 2023. 
1506. Rising interest rates are likely to put some upward pressure on cap rates in 2023. 
1507. Home Price Index Accelerates to 19.8% in February 2023. 
1508. Home prices rose at a surprising, accelerated pace of 19.8% yearover year in the past three months as of February 2023. 
1509. This trend has resulted in the upswing of sales of previously owned homes in the United States, for example, at a healthy 24.7% clip, the highest on record. 
1510. A 6% increase in population was observed from April 2010 to July 2018. 
1511. US population increased by 9.7% from 2000 to 2010. 
1512. Urban land area increased by 15% from 2000 to 2010. 
1513. Housing units increased by 13.6%, 2000. 
1514. The share of owneroccupied housing units from 2014 2018 is at 63.8%. 
1515. Housing starts increased by 6.2% yearon. 
1516. Building permits decreased 6.6% year on year. 
1517. New home sales increased by 4.5% year on year. 
1518. 64.2% of Non Hispanic Whites are homeowners. 
1519. 41.1% of African Americans are homeowners. 
1520. 47.4% of Hispanics of any race own their own homes. 
1521. 56.9% of Asian, Native Hawaiian or Pacific Islanders are homeowners. 
1522. Millennials make 65% of first. 
1523. Generation X is at second at 24%. 
1524. The rental vacancy rate in the first quarter of 2018 and 2019 did not change at 7%. 
1525. Around 2.4% of total housing units are for rent. 
1526. Only 0.7% of housing units were sold or rented but remain unoccupied. 
1527. Average yearonyear national rent growth is at 1.6%, 2014. 
1528. Rent growth is trailing behind 1.8% inflation. 
1529. Henderson, NV has the fastest yearon year rent growth at 5%. 
1530. Monthonmonth rent change is at 4%, while yearon year rent change is at 1.6%. 
1531. Rental vacancy in Metropolitan Statistical Areas is at 6.8% in 1Q of ‘18 and 6.6% in 1Q of ‘19. 
1532. Rental vacancy in places outside Metropolitan Statistical Areas is at 8% in 1Q of ‘18 and 10% in 1Q of ‘19. 
1533. Renter occupied units make up 31.4% of total inventory in 1Q of ‘19. 
1534. It is estimated that 87.9% of housing units in the US in 1Q of ‘19 were occupied. 
1535. 48% of increase of renters are making equal or more than $100,000 a year, 2008. 
1536. 18% increase of renters with an income of $50,000 to $100,000 per year, 2008. 
1537. Only 8% increase of renters are making less than $50,000. 
1538. 68.1% of respondents think that high income apartments are overpriced. 
1539. 28.9% think that high income apartments are fairly priced while only 3% feel they are underpriced. 
1540. Properties of 10,000 square feet or less make up 72% of all commercial buildings. 
1541. Office rental vacancy rate rose to 15% in 2020. 
1542. For industrial properties, the vacancy rate rose to 10% in 2020. 
1543. Meanwhile, the retail rental vacancy rate rose to 20% in 2020. 
1544. As for multifamily rental, the vacancy rate is at 8% in 2020. 
1545. In 2020, hotel rental vacancy rate spiked to 15%. 
1546. Commercial prices are up 4.5% in major metro areas. 
1547. Commercial prices are up 6% in non. 
1548. Apartment prices have increased by 147% since Q1 of 2010. 
1549. Industrial property prices increased by 75% since Q1 of 2010. 
1550. Quarterto quarter change of new commercial constructions is 2.2% in 2019. 
1551. New commercial construction projects are rising at a respectable 2.2% in the country. 
1552. Commercial land purchase was the most prevalent since 2017 at 19%. 
1553. Commercial land transactions rose to 21% in 2018 and dipped to 20% in 2019. 
1554. Retail spaces in malls received the least action at 2% in 2018, 0% in 2017, and 2% again in 2019. 
1555. 69% of survey respondents reported that they used debt financing to purchase a commercial property. 
1556. The average rate for loans range from 5% to 7%. 
1557. 54% used local and regional banks to source financing in commercial purchases. 
1558. During the first half of 2020, there is a 33% drop in real estate investments globally. 
1559. Projected job growth from 2016 to 2026 is at 6%. 
1560. 26% – somewhat agree 15% – neither agree nor disagree 3% – somewhat agree 2% – disagree/strongly disagree. 
1561. Buyers and Realtors 44% of homebuyers in 2018 go online to shop for homes. 
1562. Most buyers still worked with an agent 87% of the time even when their canvassing process started online. 
1563. 90% of real estate businesses have websites. 
1564. 40% of Millenials go online for information. 
1565. Only 17% of all home buyers contacted a sales agent first. 
1566. 58% of Millenials found their homes via mobile devices. 
1567. 46% of Generation X found their homes via mobile devices. 
1568. 93% of realtors prefer email and phones for communication. 
1569. 92% of realtors prefer text messages. 
1570. Only 37% prefer the use of instant messaging. 
1571. 48% of firms cited keeping up with technology as one of the biggest challenges in the next two years. 
1572. 43% of real estate industry experts expect an increase in technological investments in the next 12 months. 
1573. Meanwhile, 41% of industry experts in the APAC region also expect to increase their investment in technology in 2021. 
1574. On the other hand, 50% of industry experts in Europe plan to increase their expenditures on the latest technological tools. 
1575. The average size of houses has increased by 73% from 1970 to 2017. 
1576. The residential sector accounts for 37% of total electricity sales. 
1577. Houses built under the Energy Star requirements are 15% more energy efficient than houses built under 2009 IECC or higher. 
1578. 39% of people aged 55 to 64 years old consider cooling costs as the most important factor when purchasing a home in the United States. 
1579. Buildings account for upwards of 40% of global energy use and carbon emissions. 
1580. By the end of 2021, cities like Phoenix, Charlotte and Nashville are expected to regain nearly all lost jobs, while the US as a whole is projected to be down almost 2%. 
1581. As of April 2019, there have been roughly 673,000 houses sold in the US this year, which is 12.4 percent more than last year. 
1582. The Midwest has the highest rates of homeownership in the nation at 68.2%, followed by the South at 66.2 percent. 
1583. 64.8% of U.S. citizens were homeowners in the fourth quarter of 2018 (up from 64.2% in 2017). 
1584. 35.4%of homeowners are under 35 years of age. 
1585. The age bracket with the highest rate of home ownership (78.5%). 
1586. Nationwide, the average sale price of a luxury home fell 1.6% in 2019. 
1587. 36% of homeowners listed unexpected maintenance or repairs as their biggest regret. 
1588. The real estate industry will account for 22% of total commercial drone use by 2020. 
1589. 50%of buyers found their homes through the internet, while 28 percent found them through their real estate agent. 
1590. 33% of home buyers in 2018 were first. 
1591. 14% of buyers purchased brand new homes, while 86% of buyers purchased previously lived. 
1592. On average, 98% of final sale prices matched the original asking price of a property in 2019. 
1593. Staged homes sell 25% faster than non. 
1594. In 2019, Henderson, NV and Phoenix, AZ saw the fastest rent growth in the country with an increase of 4.5 and 4.1 percent, respectively. 
1595. Across the US, the cost of renting has gone up 66 percent. 
1596. Only 8 percent of homeowners regret purchasing a home instead of renting. 
1597. 86% of younger millennials and 52% of older millennials were first. 
1598. Meanwhile, Generation X consisted of 24% of 2018 home buyers. 
1599. 18% of younger baby boomers and 14% of older baby boomers were home buyers in 2018. 
1600. 7% of home buyers belonged in the silent generation , the smallest segment of home buyers in 2018. 
1601. Millennials will account for 45% of mortgages in 2019. 
1602. 25% of Generation X home buyers identified as a race other than white/Caucasian, making them the most racially and ethnically diverse population of home buyers in 2018. 
1603. 25% of home sellers in 2018 belonged in Generation X, making them the largest segment of sellers. 
1604. In 2018, 63% of home buyers were married. 
1605. Additionally, 18% were single females, 9% were single males, and 8% were unmarried couples. 
1606. In 2018, 37% of home buyers had children under the age of 18 living at home. 
1607. Notably, home values are increasing while millions of Americans are spending more than 50% of their earnings on their home purchase. 
1608. United States home values have gone up 7.2% since 2018. 
1609. 88% of home buyers financed their home purchase. 
1610. For 58% of buyers, their down payment came from their savings account. 
1611. 39% of buyers financed their home using the proceeds gained from the equity of their previous residence. 
1612. 13% of all buyers cited that saving for a down payment was the most difficult step in the home buying process. 
1613. Around 50% of renters are paying more than 30% of their income on rent. 
1614. 12 million Americans spend more than 50% of their earnings on their home purchase. 
1615. 16.5% of real estate agents had success with purchased leads. 
1616. 53.6% think adding more locally focused content to their real estate website will make it more appealing. 
1617. 30% of brokers and real estate agents want to learn more about the specific housing interests of their audience. 
1618. 49% of agents report working 40 or more hours per week, while 22% report working less than 30 hours. 
1619. Agents earned 17%of their business from referrals, and only 13% from returning clients. 
1620. Toledo, OH and Syracuse, NY have the highest rental vacancy rates in the country at 18.1% and 17.9%, respectively. 
1621. I’ve calculated and reported total pay, or the sum of salary and bonus, as well as the percent change in total compensation from 2013 to 2021 and 2020 to 2021 for each of the positions. 
1622. For real estate professionals working at firms focused on office and industrial properties, pay grew anywhere from 2.3% to 4.2%. 
1623. For acquisitions professionals in office and industrial for instance, on average the bonus makes up 30% of an Associate level professional’s pay while the bonus makes up 59% of the acquisitions executive’s pay. 
1624. Office and industrial asset management professionals saw a near 4.0% increase in compensation, while their acquisitions counterparts saw a 2.8% increase and their development counterparts a 2.9% increase in compensation. 
1625. Total compensation grew 2.6% – 3.5% yearover year for the retail positions we analyzed, with senior executives seeing a similar compensation growth rate as other retail real estate professionals. 
1626. Of that total compensation, they should expect 15% – 25% of the total to come from bonus. 
1627. Total compensation from 2020 – 2021, across the 76 positions we analyzed, rose on average 3.1%. 
1628. Compensation grew fastest among office and industrial asset management professionals, increasing on average 3.89% from 2020 to 2021. 
1629. Interestingly, the least growth among all property types was experienced by office and industrial acquisitions professionals whose all in pay grew by just 2.46%. 
1630. On average, total compensation in real estate has increased 25.4% from 2013 to 2021. 
1631. The industry saw the largest percentage increase in compensation (3.9%). 
1632. To analyse the distributional characteristics of the properties’ time series returns, we estimated the annual average return, standard deviation , skewness, and kurtosis statistics of the 939 properties. 
1633. Footnote 15 Table 2 shows that although the number of properties with normally distributed returns varies depending on the chosen test, the table indicates that for all normality tests and sectors, normality cannot be rejected in more than 50% of the cases. 
1634. The individual data showed that the logistic distribution appears to be the most likely theoretical distribution for direct German properties, whereas the normal distribution is ranked as the most likely distribution in less than 10% of the cases, see Table 5. 
1635. For the year 2000 the data most likely followed a log logistic distribution and for 2005 a Weibull distribution. 
1636. Footnote 20 Table 5 Frequency of theoretical distributions to be ranked as the most likely distribution, all properties, 1996–2009. 
1637. According to Lizieri and Ward. 
1638. 76% of realtors use Facebook for their work. 
1639. 41% of home buyers choose a real estate agent based on a recommendation. 
1640. According to NAR statistics, only 12% of buyers opt for agents they’ve worked with before. 
1641. 52% of home buyers say the main purpose of a real estate agent is to find their desired property. 
1642. Clients also need help when negotiating, and about 12% of them rely on an agent to negotiate terms of sale or get a better price. 
1643. Only 1% of buyers want to learn more about the neighborhood from the agent. 
1644. 75% of home buyers choose the first agent they interview. 
1645. The majority of people settle for their first choice, while only 15% interview a second agent afterward. 
1646. Chicago, Houston, and Phoenix are near the top with over twenty thousand working real estate agents 64% of realtors are women. 
1647. According to NAR, the typical realtor today is a collegeeducated 55year. 
1648. In addition, more than half of realtors (60%). 
1649. Because of that, the biggest chunk of their money goes to vehicle expenses $1,400, according to US national real estate statistics. 
1650. According to 2020 statistics, an average US realtor has nine years of experience. 
1651. Only 5% of all buyers choose to purchase a home directly from the owner. 
1652. When they decide to buy a home, most people (89%). 
1653. Another 5% choose to buy directly from the builder. 
1654. The homeownership rate in the Q4 of 2020 was 65.8%. 
1655. Real estate statistics in 2020 show that this year’s last quarter is similar to the fourth quarter of 2019, when the rate was 65.1%. 
1656. The Midwest has the highest homeownership rate at 70.8%. 
1657. This is according to the US Census Bureau report from the fourth quarter of 2020. 
1658. The South is in second place with 67.7%, followed by the Northeast at 62.6% and the West at 60.4%. 
1659. The only “major” fluctuation was a 1.3% YoY increase in the fourth quarter in the Midwest and a 1% YoY increase in the South. 
1660. More than four fifths (80.2%). 
1661. On the other end of the scale are people under 35, where only 38.5% of them have their own homes. 
1662. The percentages increase with age, so the next age group reaches 61%, which is quite a leap. 
1663. According to BLS data housing statistics from the Q4 of 2020, the median weekly earnings in the USA are $983 per week, which translates to $51,116 a year. 
1664. Real estate statistics show that 24% of home buyers still have student loan debt. 
1665. According to the National Association of Realtors statistics, the median amount they owe is $28,000 but 18% of buyers owe more than $75,000. 
1666. Among home buyers aged 29 38, 33% decided to buy their homes to take care of their parents. 
1667. Another 30% of older millennials agree that taking care of family is the most important reason to buy a home. 
1668. 33% of people who buy a home in the USA are first. 
1669. This desire decreases with age, so it’s a primary incentive for only 7% of people over 64. 
1670. It’s hardly surprising to hear that 86% of buyers go for previously owned homes instead of new ones. 
1671. Buyers under 28 are least likely to purchase a new home with 94% of them opting for a resale house. 
1672. 82% of buyers opt for detached single. 
1673. The greatest enthusiasm is found among young middle aged people where 88% of them would go with this option. 
1674. On the other hand, those over 73 are the least likely to choose this type of dwelling with 66% of votes. 
1675. The suburbs are the number one choice for 51% of home buyers. 
1676. Second place goes to small town dwellings with 20%, followed by urban and rural areas with 14% and 13%, respectively. 
1677. Only 2% of home buyers decided to buy the house they were renting. 
1678. Despite the fact that 37% of people rented an apartment before finding their own place, almost all of them ended up buying a new home. 
1679. Neighborhood quality is the key factor for 58% of home buyers. 
1680. That is why only three percent of people over 73 take that into consideration. 
1681. On the other hand, real estate statistics show that 71% of millennials under 28 consider it a major factor. 
1682. 93% of people visit websites when searching for homes. 
1683. The older millennials seem to be leading the pack again with a staggering 98% of internet. 
1684. While 72% of them turn to website searches, about 86% of old timers prefer to consult with a real estate agent. 
1685. Nearly half of all buyers (46%). 
1686. 74% of younger millennials prefer new homes because they don’t have to renovate or think about bad plumbing. 
1687. Realtor sales statistics show that slightly over half of them (52%). 
1688. For 40% of millennial home buyers, reducing commuting costs is one of the most important factors. 
1689. 69% of home buyers are not interested in purchasing a home in foreclosure. 
1690. Doing the paperwork is the number one problem for 20% of home buyers. 
1691. While 27% of millennials under 28 can’t deal with the paperwork, another 38% have trouble understanding the whole home buying process and the necessary steps. 
1692. Seniors are a lot more confident as 35% of Silent Generation buyers consider it a walk in the park. 

Real Estate Activities Management Market Statistics

1693. Click here for historical data for median home prices, percent change in sales, unsold inventory and median days on market at the county level. 
1694. Nearly 80% of active listing agents use drone photography and videography to market their listings. 
1695. Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. 
1696. Recent sellers reported only 10% of their agents effectively used video to market their property. 

Real Estate Activities Management Latest Statistics

1697. Management Occupations PRINTER FRIENDLY Employment in management occupations is projected to grow 9 percent from 2020 to 2030, about as fast as the average for all occupations, and will result in about 906,800 new jobs. 
1698. The real estate activities sector accounted for 1.9 % of the total employment in the EU in 2018. 
1699. This sector’s contribution to the non financial business economy was 5.6 % of the enterprise population, 1.9 % of the employment, and 3.8 % of value added. 
1700. The wage adjusted labour productivity ratio shows that value added per person employed was equivalent to 283.0 % of average personnel costs per employee across the EU in 2018. 
1701. This ratio was almost double the nonfinancial business economy average (143.0 %). 
1702. The EU’s real estate activities sector recorded a gross operating rate of 41.1 % in 2018, four times the 10.2 % average for the whole of the non. 
1703. The second largest subsector was real estate activities on a fee or contract basis which contributed one fifth (20.3 %) of value added and almost twice this share (39.5 %). 
1704. The smallest subsector was buying and selling of own real estate with a 7.1 % share of the real estate activities employment and only 6.3 % of value added. 
1705. Similar results were recorded for the gross operating rate, where indicators for real estate activities on a fee or contract basis (26.0 %) were considerably lower than for the renting and operating of own or leased real estate (49.5 %). 
1706. It was followed up by Sweden (7.0 %). 
1707. By far the highest wage adjusted labour productivity ratios for real estate activities were recorded in Denmark (669.6 %) and Malta (541.3 %). 
1708. Across most of the EU Member States, micro enterprises frequently accounted for more than half of the total number of persons employed in the real estate activities sector in 2018, peaking at 92.7 % of the total employment in Italy and 84.5 % in Portugal. 
1709. For example, micro enterprises accounted for more than a 75 % of total value added in 8 countries, while this share was lower than one third in only three countries Greece (19.0 %), the Netherlands (31.6 %) and Sweden (26.8 %). 
1710. 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORS®. 
1711. 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. 
1712. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
1713. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
1714. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
1715. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
1716. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
1717. 29%Bachelor’s degree 32%Graduate degree and above. 
1718. 13%Associate degree 13%Some graduate school 6%High. 
1719. ® affiliation with firmsIndependent contractor 88%Employee. 
1720. ® most often prefer to communicate with their clients through text messaging, at 93%. 
1721. Ninety percent preferred to communicate via telephone, and 89% through e. 
1722. 70% of broker/broker associates and 69% of sales agents have a website. 
1723. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
1724. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
1725. 20% of all members get 15% of their business from social media, and 10% get 6. 
1726. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
1727. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
1728. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
1729. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
1730. Buyers who would use their agent again or recommend their agent to others 75%. 
1731. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
1732. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
1733. 90% of sellers were assisted by a real estate agent when selling their home. 
1734. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
1735. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
1736. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
1737. FSBOs accounted for 7% of home sales in 2020. 
1738. 34%Yard sign 26%Friends, relatives, or neighbors. 
1739. 18%Social networking websites. 
1740. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
1741. 310,894 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. 
1742. Managing trash and recycling collection Property accounting Legally representing property owners Finding and screening tenancy applicants Coordinating repair contractors 00.5% increase 0. 
1743. Revenue is expected to grow at an annualized 6.0% over the five years through 2021, to $2.1 trillion…. 
1744. 495,069 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. 
1745. Developing, selling and leasing buildings for commercial operations Developing, selling and leasing other buildings 00.5% increase 0. 
1746. The number of delisted homes increased over 25% from one year ago during early March to early April, according to the national real estate brokerage Redfin. 
1747. Delistings as a percentage of active listings remained low throughout the spring—below 2%. 
1748. New listings were also down more than 40% in April compared with the same period last year. 
1749. Inventory of homes for sale decreased 17% in April compared with the same period last year, according to Redfin. 
1750. Home showings per listing in the U.S. were down over 40% in April compared with the same period last year. 
1751. New York City, for example, had a 58% decline in pending home sales in April compared with last year. 
1752. Detroit, where most real estate activity was considered nonessential through early May, saw a 74% decline in pending sales. 
1753. By comparison, U.S. metro areas faced a 33% decline on average. 
1754. RedfinNOTES Data represent the percentage change over the same period in 2019. 
1755. Pending sales in U.S. metro areas, which were down more than 30% in April, were up almost 30% by August over last year’s sales during the same period. 
1756. Similar to national trends, inventory in each of the four District MSAs dropped more than 30% in August compared with the same period last year. 
1757. As of three months postgraduation, our records show 97% reported a full time job or graduate school acceptance, with 78% of graduating Kelley seniors having a reported status. 
1758. In 2021, internships were reported by 93 percent of students in the projected Class of 2023 who were actively engaged in seeking an internship. 
1759. After recording net occupancy growth for the first time since the onset of COVID 19 in Q4 2021, absorption ended Q1 essentially flat, with a quarterly decline of 5 million square feet representing a modest 0.1% decline in occupancy. 
1760. Leasing activity rose by a healthy 5.4% on the back of improved clarity surrounding returnto. 
1761. 77% of realtors actively use social media for real estate in some way, shape or form. 
1762. 47% of real estate businesses note that social media results in the highest quality leads versus other sources 99% of millennials (and 90% of baby boomers). 
1763. Based on the previously noted NAR study, Facebook (97%), LinkedIn (59%) and Instagram (39%). 
1764. For example, make sure that your information and “About” sections on any given social channel are 100% complete with the following. 
1765. According to our own research, a paltry 11% of real estate businesses respond to their incoming social messages. 
1766. In 2021, 20% of home buyers were single women, whereas less than 10% were single men. 
1767. More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. 
1768. Nearly 2% of the adult population in Florida has an active real estate license. 
1769. The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. 
1770. More than 65% of active Realtors are women. 
1771. 45% of Realtors have completed a bachelor’s or graduate degree. 
1772. 20% of Realtors have had their license for a year or less. 
1773. 82% of licensed Realtors own their primary residence. 
1774. 37% of licensed Realtors own at least one secondary property. 
1775. 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. 
1776. 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. 
1777. The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. 
1778. The median sales price for a home in the United States in 2021 has increased by 416% since 1980. 
1779. Interest rates have literally never been lower than in 2021—at one point hovering around 2.68%. 
1780. The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. 
1781. Realtors typically make more than 95% of their annual income from real estate commissions. 
1782. 71% of Realtors specialize in residential real estate. 
1783. Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. 
1784. 74% of Realtors use Facebook for business purposes. 
1785. 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. 
1786. 60% of agentssurveyed by The Closelist active social media as more important than a website. 
1787. 73% of homeowners say they’re more likely to list with a Realtor who uses video to sell property. 
1788. 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. 
1789. In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. 
1790. In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. 
1791. 70% of licensed real estate professionals have a website. 
1792. 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. 
1793. Less than 1% of homebuyers reported finding their new home via print advertising. 
1794. 32% of all real estate licenses in the United States are held by brokers or associate brokers. 
1795. 45% of brokers report that “keeping up with technology” is the biggest challenge their agents face. 
1796. The typical FSBO home sold for 17% less than a home listed with a Realtor. 
1797. The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. 
1798. More than 20% of homebuyers in 2021 were single females. 
1799. Less than 10% of homebuyers in 2021 were single men. 
1800. 34% of home purchases in 2021 were made by first. 
1801. 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. 
1802. 3% of homebuyers in 2021 were active. 
1803. 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. 
1804. 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. 
1805. In 2021, the typical first time homebuyer financed 93% of their home’s purchase price, compared to 83% for repeat home buyers. 
1806. 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. 
1807. 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020’s “finding the right property in the right price range”. 
1808. Nearly 60% of home buyers under the age of 29 don’t expect to be in their home for more than 10 years before selling again. 

Real Estate Asset Management Market Statistics

1809. The market size of the Real Estate Asset Management & Consulting industry is expected to increase 2.1% in 2023. 
1810. The market size of the Real Estate Asset Management & Consulting industry in the US has grown 3.1% per year on average between 2017 and 2023. 
1811. This market value increased7.78%over 12 months. 
1812. That’s 35.95% of the global market, which is valued at $13.88 billion. 
1813. North America’s market value grew 7.78% from 2019 to 2020. 
1814. 39% of the national industry market share ultimately goes to the property managers themselves. 
1815. This is a 6.6% greater market share than the global average, which is 36.6%. 
1816. The total market size for renters is 34%. 
1817. 10 housing markets positioned for the highest price growth in 2023 include Providence, Salt Lake City, and Boise where home prices are predicted to grow by more than 7%. 
1818. For the US overall, annualized rent growth on vacantto occupied SFRs surged by more than 17%, with suburban migration and a tight housing market creating upward pressure on rents. 
1819. “Hidden gem” housing markets poised for major growth in 2023 include Salt Lake City, Boise, Spokane, and Indianapolis with combined sales and price growth rates of more than 20%. 
1820. The US market for smart home products grew by 9.5% in the 3rd quarter of 2021, with devices such as home monitoring and security, smart speakers, lighting and smart thermostats seeing some of the greatest demand. 
1821. Statistics reveals that as a demographic, Millennials are accounting for nearly 33% of the home sales in all major housing markets of the country. 
1822. In 2018, the resident retention rate in the largest 50 US markets was52.5%– up .8% from 2017. 
1823. At61.9%, Milwaukee and Newark/Jersey City had the highest resident retention rates of all large US markets in 2018. 
1824. At46.3%, Salt Lake City and San Antonio had the worst resident retention rates of all large US markets in 2018. 
1825. According to ParcelPending, Millennials represent40%of the total housing marketing, with90%of all Millennials being renters. 
1826. The current state of our housing market is remarkable, even after our unemployment numbers rose above 12% in April and the U.S. economy contracted nearly 33% in the second quarter. 
1827. The current state of our housing market is remarkable, even after our unemployment numbers rose above 12% in April and the U.S. economy contracted nearly 33% in the second quarter. 

Real Estate Asset Management Latest Statistics

1828. Available to download in PNG, PDF, XLS format 33% off until Jun 30th. 
1829. As boundaries between the physical and digital world are blurred, expectations for instant, personalized customer service have skyrocketed — 59% of respondents in a recent survey said they have higher expectations for customer service than last year. 
1830. Although nearly 70% of property managers believe that a service oriented culture would have a positive impact on their business, only 38% of those surveyed are prepared to take steps to make it a reality. 
1831. This is a major problem, since 79% of renters who consult these sites say that negative reviews have stopped them from visiting a property during their apartment search. 
1832. For example, 84% of property managers believe they communicate effectively with their residents — something that only 38% of residents agree with. 
1833. Or that nearly 60% of consumers surveyed said they’re willing to switch to a brand that offers a superior customer service experience. 
1834. Since more than 70% of consumers share good experiences when they have them, making the investment in a service oriented business model can generate more than just happy residents — it can spark great word of mouth as well. 
1835. Real estate generates16%of the national gross domestic product. 
1836. The industry’s average annual growth rate for the last 5 years has been 2.5%. 
1837. Since December 2003, the producer price index among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%. 
1838. That’s 59.95% of all working property managers. 
1839. The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year. 
1840. Industry experts expect a compound annual growth rate of 9.3%. 
1841. Since December 2003, the industry’s PPI has increased 33.3% for an annual growth rate of 1.903%. 
1842. Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%. 
1843. 81% of property managers have seen their revenues increase over in the past two years. 
1844. 5% of managers saw a decrease in revenue. 
1845. 88% of survey respondents expected their revenues to go up in the next two years. 
1846. That’s 31.2% of all residential rental units in. 
1847. 80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections. 
1848. More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases. 
1849. 47.8% of property managers consider growth a top priority. 
1850. 45.1% express a desire to improve efficiency. 
1851. 31.0% of property managers cite profitability as a top concern. 
1852. Between 2009 and 2020, the national rental vacancy rate decreased by 85%. 
1853. The current nationwide rental vacancy rate is 6%. 
1854. If trends from the last decade continue, the vacancy rate should drop below 4 percent by 2025. 
1855. 42 percent of all U.S. renters live in single. 
1856. Between 20 and 43 percent of renters cannot afford to buy a home or unit where they live. 
1857. In one decade, the number of renters increased by 25%. 
1858. During that same period, the number of homeowners decreased by just over 1%. 
1859. Wisconsin has fewer property managers per capita than any other state, about 30% of the national average. 
1860. Puerto Rico has less than 5% the national per capita average. 
1861. This is 26.3% below the national average wage for property managers. 
1862. Property managers make 15.03% more than the average worker statewide. 
1863. The 10% lowest paid property managers earn an average of $25,900. 
1864. The 10% highest paid earn $88,670. 
1865. This is 0.23% below the national average wage for property managers. 
1866. Property managers make 12.75% more than the average worker statewide. 
1867. This is 14.59% below the national average wage for property managers. 
1868. Property managers make 27.74% more than the average worker statewide. 
1869. The 10% lowest paid property managers earn an average of $31,900. 
1870. The 10% highest paid earn $101,750. 
1871. This is 23,25% below the national average wage for property managers. 
1872. Property managers make 19.28% more than the average worker statewide. 
1873. The 10% lowest paid property managers earn an average of $26,530. 
1874. The 10% highest paid earn $87,600. 
1875. This is 2.98% above the national average wage for property managers. 
1876. Property managers make 5.47% more than the average worker statewide. 
1877. The 10% lowest paid property managers earn an average of $29,290. 
1878. This is 29.39% above the national average wage for property managers. 
1879. Property managers make 49.13% more than the average worker statewide. 
1880. The 10% lowest paid property managers earn an average of $43,210. 
1881. The 10% highest paid earn $169,030. 
1882. This is 13.66% above the national average wage for property managers. 
1883. Property managers make 4.31% more than the average worker statewide. 
1884. The 10% lowest paid property managers earn an average of $46,880. 
1885. The 10% highest paid earn $147,950. 
1886. This is 15.41% below the national average wage for property managers. 
1887. Property managers make 9.09% more than the average worker statewide. 
1888. The 10% lowest paid property managers earn an average of $37,110. 
1889. The 10% highest paid earn $96,420. 
1890. This is 23.22% above the national average wage for property managers. 
1891. Property managers make 3.61% more than the average worker statewide. 
1892. The 10% lowest paid property managers earn an average of $46,420. 
1893. The 10% highest paid earn $155,610. 
1894. This is 14.83% below the national average wage for property managers. 
1895. Property managers make 23.22% more than the average worker statewide. 
1896. The 10% lowest paid property managers earn an average of $32,040. 
1897. The 10% highest paid earn $96,600. 
1898. This is 16.91% below the national average wage for property managers. 
1899. Property managers make 18.89% more than the average worker statewide. 
1900. The 10% lowest paid property managers earn an average of $27,980. 
1901. The 10% highest paid earn $114,220. 
1902. This is 8.35% below the national average wage for property managers. 
1903. Property managers make 10.49% more than the average worker statewide. 
1904. The 10% lowest paid property managers earn an average of $37,630. 
1905. The 10% highest paid earn $106,090. 
1906. This is 44.45% below the national average wage for property managers. 
1907. Property managers make 16.34% less than the average worker statewide. 
1908. The 10% lowest paid property managers earn an average of $17,620. 
1909. The 10% highest paid earn $71,560. 
1910. This is 10.31% above the national average wage for property managers. 
1911. Property managers make 28.24% more than the average worker statewide. 
1912. The 10% lowest paid property managers earn an average of $35,830. 
1913. The 10% highest paid earn $138,000. 
1914. This is 26.21% below the national average wage for property managers. 
1915. Property managers make 5.22% more than the average worker statewide. 
1916. The 10% lowest paid property managers earn an average of $29,360. 
1917. The 10% highest paid earn $83,560. 
1918. This is 20.02% below the national average wage for property managers. 
1919. Property managers make 6.03% more than the average worker statewide. 
1920. The 10% lowest paid property managers earn an average of $32,900. 
1921. The 10% highest paid earn $95,390. 
1922. This is 27.52% below the national average wage for property managers. 
1923. Property managers make 5.37% less than the average worker statewide. 
1924. The 10% lowest paid property managers earn an average of $25,430. 
1925. The 10% highest paid earn $85,620. 
1926. This is 22.13% below the national average wage for property managers. 
1927. Property managers make 22.58% more than the average worker statewide. 
1928. The 10% lowest paid property managers earn an average of $27,930. 
1929. The 10% highest paid earn $88,210. 
1930. This is 29.71% below the national average wage for property managers. 
1931. Property managers make 2.84% more than the average worker statewide. 
1932. The 10% lowest paid property managers earn an average of $18,950. 
1933. The 10% highest paid earn $90,130. 
1934. This is 16.01% below the national average wage for property managers. 
1935. Property managers make 13.40% more than the average worker statewide. 
1936. The 10% lowest paid property managers earn an average of $35,320. 
1937. The 10% highest paid earn $95,780. 
1938. This is 5.74% above the national average wage for property managers. 
1939. Property managers make 13.41% more than the average worker statewide. 
1940. The 10% lowest paid property managers earn an average of $37,040. 
1941. The 10% highest paid earn $128,950. 
1942. This is 23.58% above the national average wage for property managers. 
1943. Property managers make 13.48% more than the average worker statewide. 
1944. The 10% lowest paid property managers earn an average of $50,180. 
1945. The 10% highest paid earn $139,920. 
1946. This is 9.82% below the national average wage for property managers. 
1947. Property managers make 24.60% more than the average worker statewide. 
1948. The 10% lowest paid property managers earn an average of $33,650. 
1949. The 10% highest paid earn $105,290. 
1950. This is 1.87% above the national average wage for property managers. 
1951. Property managers make 21.19% more than the average worker statewide. 
1952. The 10% lowest paid property managers earn an average of $42,600. 
1953. The 10% highest paid earn $123,780. 
1954. This is 40.34% below the national average wage for property managers. 
1955. Property managers make 4.64% more than the average worker statewide. 
1956. The 10% lowest paid property managers earn an average of $18,850. 
1957. The 10% highest paid earn $70,660. 
1958. This is 8.40% below the national average wage for property managers. 
1959. Property managers make 31.04% more than the average worker statewide. 
1960. The 10% lowest paid property managers earn an average of $29,850. 
1961. The 10% highest paid earn $132,480. 
1962. This is 35.91% below the national average wage for property managers. 
1963. Property managers make 12.02% less than the average worker statewide. 
1964. The 10% lowest paid property managers earn an average of $20,040. 
1965. The 10% highest paid earn $78,730. 
1966. This is 12.98% below the national average wage for property managers. 
1967. Property managers make 9.95% more than the average worker statewide. 
1968. The 10% lowest paid property managers earn an average of $19,930. 
1969. The 10% highest paid earn $105,690. 
1970. This is 26.20% below the national average wage for property managers. 
1971. Property managers make 0.74% more than the average worker statewide. 
1972. The 10% lowest paid property managers earn an average of $36,730. 
1973. The 10% highest paid earn $74,330. 
1974. This is 2.83% below the national average wage for property managers. 
1975. Property managers make 7.11% more than the average worker statewide. 
1976. The 10% lowest paid property managers earn an average of $40,220. 
1977. The 10% highest paid earn $107,370. 
1978. This is 30.36% above the national average wage for property managers. 
1979. Property managers make 26.84% more than the average worker statewide. 
1980. The 10% lowest paid property managers earn an average of $46,670. 
1981. The 10% highest paid earn $193,420. 
1982. This is 22.48% below the national average wage for property managers. 
1983. Property managers make 23.90% more than the average worker statewide. 
1984. The 10% lowest paid property managers earn an average of $26,720. 
1985. The 10% highest paid earn $84,350. 
1986. This is 58.00% above the national average wage for property managers. 
1987. Property managers make 53.11% more than the average worker statewide. 
1988. The 10% lowest paid property managers earn an average of $62,280. 
1989. The 10% highest paid earn $196,410. 
1990. This is 4.66% below the national average wage for property managers. 
1991. Property managers make 39.36% more than the average worker statewide. 
1992. The 10% lowest paid property managers earn an average of $36,200. 
1993. The 10% highest paid earn $114,560. 
1994. This is 23.73% below the national average wage for property managers. 
1995. Property managers make 5.97% less than the average worker statewide. 
1996. The 10% lowest paid property managers earn an average of $35,760. 
1997. The 10% highest paid earn $83,220. 
1998. This is 11.67% below the national average wage for property managers. 
1999. Property managers make 21.34% more than the average worker statewide. 
2000. The 10% lowest paid property managers earn an average of $23,140. 
2001. The 10% highest paid earn $122,910. 
2002. This is 21.57% above the national average wage for property managers. 
2003. Property managers make 80.71% more than the average worker statewide. 
2004. The 10% lowest paid property managers earn an average of $28,740. 
2005. The 10% highest paid earn $180,870. 
2006. This is 23.58% below the national average wage for property managers. 
2007. Property managers make 1.44% less than the average worker statewide. 
2008. The 10% lowest paid property managers earn an average of $31,870. 
2009. The 10% highest paid earn $91,270. 
2010. This is 25.39% above the national average wage for property managers. 
2011. Property managers make 47.59% more than the average worker statewide. 
2012. The 10% lowest paid property managers earn an average of $40,630. 
2013. The 10% highest paid earn $190,740. 
2014. This is 22.65% above the national average wage for property managers. 
2015. The 10% lowest paid property managers earn an average of $32,540. 
2016. The 10% highest paid earn $140,320. 
2017. This is 25.91% above the national average wage for property managers. 
2018. Property managers make 51.52% more than the average worker statewide. 
2019. The 10% lowest paid property managers earn an average of $52,880. 
2020. The 10% highest paid earn $132,800. 
2021. This is 0.82% below the national average wage for property managers. 
2022. Property managers make 52.86% more than the average worker statewide. 
2023. The 10% lowest paid property managers earn an average of $27,480. 
2024. The 10% highest paid earn $128,490. 
2025. This is 40.35% below the national average wage for property managers. 
2026. Property managers make 23.75% less than the average worker statewide. 
2027. The 10% lowest paid property managers earn an average of $27,570. 
2028. The 10% highest paid earn $62,440. 
2029. This is 18.86% below the national average wage for property managers. 
2030. Property managers make 17.51% more than the average worker statewide. 
2031. The 10% lowest paid property managers earn an average of $26.760. 
2032. The 10% highest paid earn $105,310. 
2033. This is 18.11% above the national average wage for property managers. 
2034. Property managers make 57.67% more than the average worker statewide. 
2035. The 10% lowest paid property managers earn an average of $32,860. 
2036. The 10% highest paid earn $168,310. 
2037. This is 25.64% below the national average wage for property managers. 
2038. Property managers make 4.19% more than the average worker statewide. 
2039. The 10% lowest paid property managers earn an average of $25,680. 
2040. The 10% highest paid earn $96,340. 
2041. This is 11.19% below the national average wage for property managers. 
2042. Property managers make 10.86% more than the average worker statewide. 
2043. The 10% lowest paid property managers earn an average of $28,200. 
2044. The 10% highest paid earn $107,910. 
2045. This is 21.85% below the national average wage for property managers. 
2046. The 10% lowest paid property managers earn an average of $27,840. 
2047. The 10% highest paid earn $83,500. 
2048. This is 27.06% above the national average wage for property managers. 
2049. Property managers make 49.16% more than the average worker statewide. 
2050. The 10% lowest paid property managers earn an average of $47,930. 
2051. The 10% highest paid earn $145,580. 
2052. This is 27.74% above the national average wage for property managers. 
2053. Property managers make 36.88% more than the average worker statewide. 
2054. The 10% lowest paid property managers earn an average of $45,940. 
2055. The 10% highest paid earn $158,220. 
2056. This is 23.86% below the national average wage for property managers. 
2057. Property managers make 23.57% more than the average worker statewide. 
2058. The 10% lowest paid property managers earn an average of $23,070. 
2059. The 10% highest paid earn $110,720. 
2060. This is 0.12% above the national average wage for property managers. 
2061. Property managers make 32.10% more than the average worker statewide. 
2062. The 10% lowest paid property managers earn an average of $39,260. 
2063. The 10% highest paid earn $125,790. 
2064. This is 7.39% below the national average wage for property managers. 
2065. Property managers make 7.17% more than the average worker statewide. 
2066. The 10% lowest paid property managers earn an average of $24,850. 
2067. The 10% highest paid earn $129,360. 
2068. Among surveyed property managers, however, just 11.2% say technology is a top priority. 
2069. 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORS®. 
2070. 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. 
2071. There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. 
2072. According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. 
2073. In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. 
2074. Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORS® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. 
2075. 65% of all REALTORS® are female, and the median age of all REALTORS® is 52. 
2076. 29%Bachelor’s degree 32%Graduate degree and above. 
2077. 13%Associate degree 13%Some graduate school 6%High. 
2078. ® affiliation with firmsIndependent contractor 88%Employee. 
2079. ® most often prefer to communicate with their clients through text messaging, at 93%. 
2080. Ninety percent preferred to communicate via telephone, and 89% through e. 
2081. 70% of broker/broker associates and 69% of sales agents have a website. 
2082. 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. 
2083. 74% of REALTORS® use Facebook and 56% use LinkedIn for professional purposes. 
2084. 20% of all members get 15% of their business from social media, and 10% get 6. 
2085. Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. 
2086. 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. 
2087. Among those who financed their home purchase, buyers typically financed 87% of the home price. 
2088. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69% in 2001. 
2089. Buyers who would use their agent again or recommend their agent to others 75%. 
2090. Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. 
2091. from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
2092. 90% of sellers were assisted by a real estate agent when selling their home. 
2093. Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. 
2094. 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. 
2095. Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORS® Profile of Home Buyers and Sellers. 
2096. FSBOs accounted for 7% of home sales in 2020. 
2097. 34%Yard sign 26%Friends, relatives, or neighbors. 
2098. 18%Social networking websites. 
2099. Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. 
2100. Homes sold for 2.7% above asking price in August. 
2101. Double digit price increases continue, with a median sold price of $450,000, up 18.4% from last year. 
2102. The average price dropped just below the $500k threshold at $499,278, up 14.5%. 
2103. Home values in the United States have increased 50.7% since November 2016. 
2104. That number has fallen to 50%, with many Millennials choosing to invest in real estate instead. 
2105. Sales of vacation homes skyrocketed during the pandemic, with sales outpacing the growth of existing home sales by nearly 300%. 
2106. The average nightly rental rate in the US for short term rentals is $202.50 per night, with 60% of stays seven days or longer. 
2107. It is expected to have a compound annual growth rate of 3.4% over the next 5 years. 
2108. Individual real estate investors account for 72.5% of rental properties in the United States. 
2109. Construction of entry level homes below 1,400 square feet has consistently declined as a percentage of new construction since 1980. 
2110. By 2020, the percentage of smaller starter home construction dropped to about 7% of total construction. 
2111. Industry experts mostly agree that 30year interest rates on fixed rate mortgages could reach the high 3% to low 4% range by the end of this year. 
2112. For Sale by Owner properties accounted for 7% of home sales in 2020. 
2113. Rental costs increased in 65% of US counties in Q1 2020, with 7 California counties listed among the top 10 counties where it is cheaper to rent, according to the most recent rent vs buy data from Realtor.com. 
2114. The number of over 60 renters increased by 43% between 2007 and 2017 as retiring Baby Boomers chose to rent rather than buy when downsizing. 
2115. The fastest single family rent growth in the US occurred in three Sun Belt cities – Miami, Phoenix, and Las Vegas – where annual rents increased by 21.4%, 19.2%, and 15.4% respectively. 
2116. Florida witnessed the largest increases in single family rents during the pandemic, with rents in Sarasota, Port St. Lucie, and Daytona Beach soaring by more than 50% on average between March 2020 and October 2021. 
2117. More than 45% of renter households pay rent equal to 30% or more of their gross household income. 
2118. About onethird of the rental units in the US are single family homes, with the number of SFRs rising by 18% between 2008 and 2018. 
2119. Over 44 million housing units in the US are renteroccupied, with 41% of renters living in single. 
2120. In 2020, US property management accounted for about $88.4 billion in revenue in North America, an increase of nearly 8% over the past 12 months. 
2121. According to a study from Harvard University, spending on remodeling is expected to reach $400 billion by Q3 2023, with annual improvement and repair spending growing by 9% yearover. 
2122. According to HomeUnion, 9 must haves for a successful single family rental property are. 
2123. After recording net occupancy growth for the first time since the onset of COVID 19 in Q4 2021, absorption ended Q1 essentially flat, with a quarterly decline of 5 million square feet representing a modest 0.1% decline in occupancy. 
2124. Leasing activity rose by a healthy 5.4% on the back of improved clarity surrounding returnto. 
2125. In general, rents and mortgage repayments should not be more than 30% of the monthly income of the household in an area. 
2126. For example, properties sell 68% faster with the help of photos taken through drones. 
2127. More than 90% of all buyers today start their house hunt on internet before they contact a real estate agent. 
2128. 80%of property managers are tasked with managing or performing building maintenance on top of collecting rent. 
2129. %, the majority of property managers manage communities of 101. 
2130. %, the least common type of property manager is those who manage communities of more than 500 units. 
2131. 56%of property managers own the building they’re managing. 
2132. 52%of property management companies make less than $249,000 in annual revenue. 
2133. Only13%of property management companies make more than $1 million in annual revenue. 
2134. Property managers say efficiency (at32%) an maintenance (at31%). 
2135. 69%of property managers reported portfolio growth in 2019, down from each of the previous three years. 
2136. There are an estimated291,978property management companies in the US in 2020. 
2137. 90.3%of Millennial respondents said they would or would consider paying higher rent for better amenities or proptech. 
2138. 87.2%of multifamily residents say amenities significantly impact their decision to sign or renew a lease. 
2139. 93.6%of multifamily residents said that would or would consider paying higher rent for improved onsite amenities. 
2140. The most common types of amenities found in multifamily communities are fitness & wellness amenities at19.5%of all properties. 
2141. The most common specific amenity found in multifamily properties is bike storage rooms, at60%of all communities. 
2142. of53.3%, up from52.5%of renters in 2019. 
2143. Before COVID 19, apartment retention rates had reached58.5%. 
2144. The current rental vacancy rate in the US is6%. 
2145. Reducing resident turnover by5%improves operating income for property management companies by an average of $15,000. 
2146. The average renewal rate for those resigning leases has been1.6%since June, a favorable number for renters due to the economic downturn from COVID. 
2147. While the majority of renters sign a 12 month lease (61%). 
2148. 47%of renters who moved in 2018 already planned to move in the following year. 
2149. 52%of renters in 2018 had regrets about signing a lease because they were unable to customize or improve the property. 
2150. In December 2020,89%of renters made their rent payment – meaning over 1 in 10 renters were not able to make rent. 
2151. 44 millionhomes (36%). 
2152. In 2019,66%of US counties saw the cost of renting increase. 
2153. Over50%of renters spend30%or more of their income on rent. 
2154. From 2017 to 2019, new multifamily property construction projects increase by21%. 
2155. The fastest growing renting segment of the population is households over 60, which grew by43%last year from 6.5 million to 9.4 million. 
2156. Since COVID 19, San Francisco has seen the biggest drop in rent growth, down24.5%since March 2020 – from $3,200 down to $2,300. 
2157. Since COVID 19, Boise has seen the biggest rise in rent growth, up9.1%since March 2020 – from $3,200 down to $2,300. 
2158. Suburban cities have seen a slight increase in rent prices since COVID. 
2159. Buildings account for upwards of 40% of global energy use and carbon emissions. 
2160. By the end of 2021, cities like Phoenix, Charlotte and Nashville are expected to regain nearly all lost jobs, while the US as a whole is projected to be down almost 2%. 
2161. Freddie Mac just reported another alltime low with the 30 year fixed rate having dropped to 2.86%. 
2162. 8,878 Sales are down 13.8% from last month, and up 1.7% from last year. 
2163. 13,510 Total inventory increased 3.9% from last month, and decreased 22.8% from last year. 
2164. The average sales price is up 17.7% from last year, while the median sales price is up 16.1% from last year.

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