How has the real estate downturn affected real estate agents? The graph below paints a clear picture. It shows Dane County home and condo sales (in millions of dollars) dating back to the year 2000.
You'll see 2005 was the grand daddy of every years, with Dane County home and condo income totaling $1.94 billion. That's the assemblage everyone and their uncle was in real estate.
Home and condo income decreased steadily thereafter to $1.247 billion in 2009, a 36% modification from the extreme assemblage of 2005. That 36% modification is a good agent for how much annual commission dollars have decreased since 2005. In reality, commission dollars have probably decreased by more than 36% due to the compensation structures for some of today's listings.
All of this negative programme effectuation it's a great instance to be in real estate. There are plenty of opportunities right now for real realty professionals who have a long-term focus and a dedication to service.
It's also a rattling rewarding instance to be in real estate. Many of today's clients poverty someone they can trust who will support them successfully manoeuver today's Byzantine market. And then there are those clients who are in a really tough spot and need support effort out of a hard situation.
This assemblage promises to be another assemblage flooded of challenge and opportunity. We're rattling much looking nervy to embracing the next 12 months and growing our business once again.
Home and condo income decreased steadily thereafter to $1.247 billion in 2009, a 36% modification from the extreme assemblage of 2005. That 36% modification is a good agent for how much annual commission dollars have decreased since 2005. In reality, commission dollars have probably decreased by more than 36% due to the compensation structures for some of today's listings.
All of this negative programme effectuation it's a great instance to be in real estate. There are plenty of opportunities right now for real realty professionals who have a long-term focus and a dedication to service.
It's also a rattling rewarding instance to be in real estate. Many of today's clients poverty someone they can trust who will support them successfully manoeuver today's Byzantine market. And then there are those clients who are in a really tough spot and need support effort out of a hard situation.
This assemblage promises to be another assemblage flooded of challenge and opportunity. We're rattling much looking nervy to embracing the next 12 months and growing our business once again.
Dan Miller, Realtor, Certified Distressed Property Expert, writer reverend Realty and DaneCountyMarket.com
