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

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.

An in-depth analysis offering key statistics on the real estate market's size, growth, and trends, including market value, investment trends, demographic influences, and the impact of digital transformation.

Zillow reigns supreme in the U.S. real estate website landscape, attracting a staggering ***** million monthly visits in 2024. This figure dwarfs its closest competitor, Realtor.com, which garnered less than half of Zillow's traffic. Online platforms are extremely popular, with the majority of homebuyers using a mobile device during the buying process. The rise of Zillow Founded in 2006, the Seattle-headquartered proptech Zillow has steadily grown over the years, establishing itself as the most popular U.S. real estate website. In 2023, the listing platform recorded about *** million unique monthly users across its mobile applications and website. Despite holding an undisputed position as a market leader, Zillow's revenue has decreased since 2021. A probable cause for the decline is the plummeting of housing transactions and the negative housing sentiment. Performance and trends in the proptech market The proptech market has shown remarkable performance, with companies like Opendoor and Redfin experiencing significant stock price increase in 2023. This growth is particularly notable in the residential brokerage segment. Meanwhile, major players in proptech fundraising, such as Fifth Wall and Hidden Hill Capital, have raised billions in direct investment, further fueling the sector's development. As technology continues to reshape the real estate industry, online platforms like Zillow are likely to play an increasingly crucial role in how people search for and purchase homes. (1477916, 1251604)

The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of real estate agents, brokers and appraisers (NAICS 53121) & offices of real estate appraisers (NAICS 53132), annual, for five years of data.

Graph and download economic data for Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) from Jul 2016 to Jun 2025 about active listing, listing, and USA.

One in four real estate agents in the United States who worked with foreign residential real estate buyers in the period between April 2023 and March 2024 relied on referrals from previous clients for business. During the same period, the largest buyer group was Canadian.

In 2023, the North America Real Estate reached a value of USD 3575.9 million, and it is projected to surge to USD 4359.1 million by 2030.

Graph and download economic data for Housing Inventory: Median Days on Market in Florida (MEDDAYONMARFL) from Jul 2016 to Jun 2025 about FL, median, and USA.

Real Estate Market was valued at USD 9.8 trillion in 2023, and is slated to reach USD 14.54 trillion by 2030, due to the growing urbanization worldwide.

The National Association of Realtors monthly housing indicators are based on a representative sample of local boards and multiple listing services. Sales volume, inventory, and price levels for existing homes are measured for the US in aggregate and by census region. Existing homes, unlike new homes, are homes that are owned and occupied before coming onto the market.

Inventory indicates the number of properties marked as "active" on the market or those pending sales. When a seller lists a property, it becomes counted as inventory.

For more information, see Methodology: Existing-Home Sales (https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales/methodology).

Copyright, 2016, National Association of Realtors. Reprinted with permission.

The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of real estate agents, brokers and appraisers (NAICS 53121) & offices of real estate appraisers (NAICS 53132), annual, for five years of data.

Graph and download economic data for All Employees, Real Estate (CEU5553100001) from Jan 1990 to Jun 2025 about real estate, financial, establishment survey, employment, and USA.

In 2023, the Russia Real Estate Market reached a value of USD 216.4 million, and it is projected to surge to USD 356.7 million by 2030.

In 2023, the U.S. Real Estate Market reached a value of USD 3156.7 million, and it is projected to surge to USD 3778.0 million by 2030.

Financial overview and grant giving statistics of Realtor Housing Assistance Fund

In 2023, the Vietnam Real Estate Market reached a value of USD 89.9 million, and it is projected to surge to USD 138.8 million by 2030.

The National Association of Realtors monthly housing indicators are based on a representative sample of local boards and multiple listing services. Sales volume, inventory, and price levels for existing homes are measured for the US in aggregate and by census region. Existing homes, unlike new homes, are homes that are owned and occupied before coming onto the market.

The median sales price measures the price at which half of existing homes sold for more and half sold for less.

For more information, see Methodology: Existing-Home Sales (https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales/methodology).

Copyright, 2016, National Association of Realtors. Reprinted with permission.

In 2023, the average commission rate for realtors in the U.S. was **** percent, down from *** percent in 2020. The lowest commission was observed in 2005, at five percent.

The main reasons homebuyers hired a real estate agent were to help with the search and the negotiation of the terms and price. ** percent of homebuyers expected the real estate agent to help them find the right home to purchase, while ** percent wanted the agent to help with the negotiation of the terms, and ** percent hoped that the agent helps with the price negotiations. The majority of home buyers in the United States in 2024 purchased their homes through a real estate agent or broker.