In doing some research on the increased number of students taking the real estate exam, John ran across an interesting statistic offered by Keith Byrd, a San Luis Obispo CA broker. Keith is well-known to longtime RealTalk members for his insight concerning real estate internet sales and marketing trends.
From Keith: “I did an analysis of 2014 Sales for almost 60,000 members in the Calif Regional MLS. 61.3% of members had 2 or fewer transactions. 28.3% had zero transactions in 2014. People going for their license should be aware of how competitive this industry is. More Agents means more competition for the 2015 transactions.”
How do those numbers compare to the percentage of transactions (buy or sell sides) for licensees with active licenses in your area? What do you think the percentage is for MLS members with zero transactions?