The number of members of the National Association of Realtors (NAR) in 2023 declined for the first time since 2012. This trend also reflects the recovery of the property market after the financial crisis of 2007-2009, as the volume of home sales began to climb from 2011. The NAR is a North American trade association for real estate workers formed in 1908 and currently based in Chicago, Illinois. In 2022, the association had nearly *** million members.Employment in the real estate sector The upward in NRA membership is mirrored in overall employment in the real estate sector in the United States. In 2023, *** million people were employed in the sector, which indicates that the majority of workers are members of the NAR. Employees in the real estate, rental, and leasing industry in the U.S. earned slightly above the average wage in the country. Membership growth ties in with growth in home sales The growth in NAR membership also correlates with the growth of residential property sales. For instance, the number of new houses sold in the U.S. has been on the rise since 2011. American adults as a whole have been steady in their view that homeownership is an important part of the American Dream. However, the share of American Millennials – those born between 1981 and 1996 - who view homeownership as important has been fluctuating since 2010. This adds an element of uncertainty to the future of the housing market because millennials are in their mid-twenties and thirties, which is widely viewed as the best time to buy a home from a home equity perspective.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Jul 2024 to Jul 2025 about headline figure, sales, housing, and USA.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

View monthly updates and historical trends for US Existing Home Median Sales Price. from United States. Source: National Association of Realtors. Track ec…

Existing Home Sales in the United States increased to 4010 Thousand in July from 3930 Thousand in June of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Existing Home Sales: Months Supply (HOSSUPUSM673N) from Jul 2024 to Jul 2025 about supplies, sales, housing, and USA.

Graph and download economic data for Housing Inventory: Median Days on Market in the United States (MEDDAYONMARUS) from Jul 2016 to Jul 2025 about median and USA.

The Housing Affordability Index value in the United States plummeted in 2022, surpassing the historical record of ***** index points in 2006. In 2024, the housing affordability index measured **** index points, making it the second-worst year for homebuyers since the start of the observation period. What does the Housing Affordability Index mean? The Housing Affordability Index uses data provided by the National Association of Realtors (NAR). It measures whether a family earning the national median income can afford the monthly mortgage payments on a median-priced existing single-family home. An index value of 100 means that a family has exactly enough income to qualify for a mortgage on a home. The higher the index value, the more affordable a house is to a family. Key factors that drive the real estate market Income, house prices, and mortgage rates are some of the most important factors influencing homebuyer sentiment. When incomes increase, consumer power also increases. The median household income in the United States declined in 2022, affecting affordability. Additionally, mortgage interest rates have soared, adding to the financial burden of homebuyers. The sales price of existing single-family homes in the U.S. has increased year-on-year since 2011 and reached ******* U.S. dollars in 2023.

View monthly updates and historical trends for US Existing Home Sales. from United States. Source: National Association of Realtors. Track economic data w…

Financial overview and grant giving statistics of Institute Of Real Estate Management Of The National Association Of Realtors

Abstract

Title: Cotality Multiple Listing Service (MLS)

A multiple listing service (MLS) is an exchange where real estate brokers share information about properties they are selling. Other real estate brokers review the listings, and are compensated if they can identify a buyer for a property. Multiple listing services promote cooperation and mutual benefit for real estate brokers representing buyers and sellers. The Cotality Multiple Listing Service data contains listings from 135 real estate boards utilizing Cotality's multiple listing service software. The data was produced in August 2024.

Formerly known as CoreLogic Multiple Listing Service (MLS).

Methodology

The data consists of listings from 135 real estate boards that use Cotality listing software. The data DOES NOT cover listings from all real estate boards in the United States. The National Association of Realtors maintains the most complete and up-to-date list of real estate boards; however, this information is only available to members of the National Association of Realtors.

For more information about how the data was prepared for Redivis, please see Cotality 2024 GitLab.

Usage

Quick Search (QS) contains the most recent listing data (as of August 2024). In order to see the entire listing history of a property/record, you will need to search the Quick History (QH) table on the SysPropertyID, which is a unique key for a listing across multiple listing boards. You can use the variable FA_PostDate to see when updates occurred. Updates include name changes, price changes, etc.

During upload to Data Farm, a small number of invalid records were dropped from the Quick History (QH) table. For more information, see Cotality 2024 GitLab. To access the complete data (including invalid records), please see Bulk Data Access instructions, below.

Bulk Data Access

Data access is required to view this section.

Graph and download economic data for Housing Affordability Index (Fixed) (FIXHAI) from Jun 2024 to Jun 2025 about fixed, housing, indexes, and USA.

Total Housing Inventory in the United States increased to 1550 Thousands in July from 1540 Thousands in June of 2025. This dataset includes a chart with historical data for the United States Total Housing Inventory.

US Property Management Market size was valued at USD 24.8 Billion in 2024 and is projected to reach USD 42.1 Billion by 2032 growing at a CAGR of 6.8% from 2025 to 2032.

Key Challenges: Rising Property Maintenance Costs: According to the National Association of Realtors (NAR), the average annual maintenance cost of owning a house in the United States has risen by 20% in the past five years. This increase in maintenance costs may prevent property owners from investing in property management services because they will incur greater maintenance charges.

Labor Shortages in Property Management: According to the Bureau of Labor Statistics, the number of property managers in the United States will fall by 16% between 2020 and 2023 due to labour shortages. Also, the shortage of skilled property management personnel stifles industry expansion and raises operational costs for property management firms.

Graph and download economic data for Median Sales Price of Existing Single-Family Homes (HSFMEDUSM052N) from Jul 2024 to Jul 2025 about 1-unit structures, family, sales, median, housing, price, and USA.

In 2020, the global economy was brought to a standstill because of the coronavirus (COVID-19) pandemic. Foreign investment into commercial real estate in the United States was also affected, with ** percent of National Association of Realtors (NAR) members reporting that travel bans having impacted their international business. Additionally, approximately ** percent of respondents claimed that the pandemic impacted the availability of credit and lenders. The impacts of the pandemic continued to obstruct cross-border investments throughout 2021: Approximately ** percent of respondents complained about travel bans and ** percent - about social distancing affecting their work.

Financial overview and grant giving statistics of National Association Of Realtors

United States Existing Home Sales: US data was reported at 420,000.000 Unit in Sep 2018. This records a decrease from the previous number of 539,000.000 Unit for Aug 2018. United States Existing Home Sales: US data is updated monthly, averaging 436,000.000 Unit from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 753,000.000 Unit in Jun 2005 and a record low of 218,000.000 Unit in Jan 2009. United States Existing Home Sales: US data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Graph and download economic data for Existing Home Sales: Housing Inventory (HOSINVUSM495N) from Jul 2024 to Jul 2025 about inventories, sales, housing, and USA.

Graph and download economic data for Median Sales Price of Existing Homes (HOSMEDUSM052N) from Jun 2024 to Jun 2025 about sales, median, housing, and USA.