1) Average homes sold per real estate agent, per year: 2.8 [0]
It means that on average, on a given month, only 1/2.8 = 35.7% of active real estate agents will be listing a home for sale.
2) Homes for sale per year: 6,220,000 [1], however it seems that January 2021 saw that number go to an annualized of 6.69M. [2]
3) To say that in January there were "more real estate agents than homes for sale", would mean that there are at least 6.69M / 2.8 = 2,389,000 active real estate agents in the US.
I don't have a WSJ membership, and therefore can't read in the article what this number is. I can only try to guess that it's either the total number of real estate agents (2M in 2019), or realtors (1.3M in 2019) [3].
The title seems clickbaity. The essence, I guess, should be that realtors are competing against each other more than before?
Averages are not a good metric for this field. NAR itself uses median to make it look more balanced than it is [1], but in reality - 80% of the transactions goes to 20% of the agents.
1) Average homes sold per real estate agent, per year: 2.8 [0]
It means that on average, on a given month, only 1/2.8 = 35.7% of active real estate agents will be listing a home for sale.
2) Homes for sale per year: 6,220,000 [1], however it seems that January 2021 saw that number go to an annualized of 6.69M. [2]
3) To say that in January there were "more real estate agents than homes for sale", would mean that there are at least 6.69M / 2.8 = 2,389,000 active real estate agents in the US.
I don't have a WSJ membership, and therefore can't read in the article what this number is. I can only try to guess that it's either the total number of real estate agents (2M in 2019), or realtors (1.3M in 2019) [3].
The title seems clickbaity. The essence, I guess, should be that realtors are competing against each other more than before?
[0]: https://www.rtrsells.com/can-you-tell-how-many-homes-a-realt...
[1]: https://cdn.nar.realtor/sites/default/files/documents/ehs-02...
[2]: https://www.wsj.com/articles/u-s-home-sales-edged-higher-in-...
[3]: https://www.homelight.com/blog/how-many-realtors-in-the-us/