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2024 U.S. Industry Statistics & Market Forecast - Real Estate Agents and Brokers
Market Size & Industry Statistics
The total U.S. industry market size for Real Estate Agents and Brokers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Real Estate Agents and Brokers industry include:- Rising interest rates impacting mortgage affordability
- Shift towards remote work reducing demand for commercial real estate
- Increase in virtual property tours and digital sales tools
- Growing preference for sustainable and green buildings
- Expansion of real estate technology, or "PropTech"
- Changing demographics influencing housing markets
- Heightened regulatory environment and stricter lending standards
- Fluctuations in local property markets due to migration patterns
- Demand for multifunctional spaces
- Increased investment in data analytics for market predictions and customized services
Product & Services Breakdown
Research products and services in the Real Estate Agents and Brokers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Real Estate Agent And Brokerage Services |
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Brokerage Services For The Sale Of Residential Real Estate |
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Brokerage Services For The Rental Of Residential Real Estate |
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Brokerage Services For The Sale Of Nonresidential Real Estate |
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Brokerage Services For The Rental Of Nonresidential Real Estate |
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Brokerage Services For The Sale Of Land |
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Reimbursements From Property Owners For Miscellaneous Expenditures, Including Payroll At Managed Properties (Common Paymaster), |
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Property Management Services |
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Residential Building Property Management |
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Nonresidential Building Property Management |
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Real Estate Appraisal Services |
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Urban Real Estate Appraisal Services |
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Real Estate Consulting Services |
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Real Estate Listing Service |
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Construction Services |
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Other Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Real Estate Agents and Brokers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Real Estate Agents and Brokers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Real Estate Agents and Brokers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 19% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Other Management Occupations | 13% | |||
| Property, Real Estate, and Community Association Managers | 12% | |||
| Property, Real Estate, and Community Association Managers | 12% | |||
| Business and Financial Operations Occupations | 8% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 7% | |||
| Building Cleaning and Pest Control Workers | 5% | |||
| Building Cleaning Workers | 5% | |||
| Sales and Related Occupations | 18% | |||
| Retail Sales Workers | 6% | |||
| Counter and Rental Clerks and Parts Salespersons | 5% | |||
| Counter and Rental Clerks | 5% | |||
| Other Sales and Related Workers | 12% | |||
| Real Estate Brokers and Sales Agents | 12% | |||
| Real Estate Sales Agents | 9% | |||
| Office and Administrative Support Occupations | 19% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 6% | |||
| Office Clerks, General | 6% | |||
| Installation, Maintenance, and Repair Occupations | 20% | |||
| Other Installation, Maintenance, and Repair Occupations | 18% | |||
| Maintenance and Repair Workers, General | 17% | |||
| Maintenance and Repair Workers, General | 17% | |||
Real Estate Agents and Brokers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Real Estate Agents and Brokers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Real Estate Agents and Brokers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Real Estate Agents and Brokers industry. |
Source:
Innovation News
- May 16, 2024: Opendoor Labs patents Machine Learning Model Registry
- May 09, 2024: Side patents System And Method For Document Transformation And Accountability
- Apr 30, 2024: RentalBeast raises $25 million in funding.
- Jan 23, 2024: PF Solutions trademarks "AGENCYPOINT" - Financial planning services
- Jan 20, 2024: Redfin trademarks "REDFIN REDESIGN" - Software as a service (SAAS) services featuring software for illustrating how flooring, walls, countertops, and other design elements will look in a space featured in photographs; providing online non-downloadable software in the field of room and home visualization; providing online non-downloadable software for home sellers and home buyers for interior design and home visualization; providing online non-downloadable software enabling users to modify images of rooms in homes and generate images of flooring, wall paint colors, and countertop finishes; providing online non-downloadable software for viewing, creating, and manipulating images of homes; software as a service (SaaS) services featuring artificial intelligence software for use in home visualization and interior design
- Jan 16, 2024: Cypressbrook Investors Coley Davis raises $36 million in funding.
- Jan 09, 2024: Winick Realty Group trademarks "WINICK REALTY GROUP" - Real estate investment consultancy; Real estate brokerage
- Dec 29, 2023: Churchill Stateside GA TC 2023 Fund LIII raises $19 million in funding.
- Nov 09, 2023: Myndshft Technologies patents Blockchain Network Control System And Methods
Recent Federal Contracts for Real Estate Agents and Brokers
- Apr 02, 2024: SAGE ACQUISITIONS LLC (Atlanta, GA) awarded $475,467
- Apr 02, 2024: KNIGHT FRANK LLP (London, ) awarded $27,350
- Apr 01, 2024: FRANCONIA REAL ESTATE SERVICES, INC. (Parsippany, NJ) awarded $16,514,760
- Apr 01, 2024: KPMG LLP (New York, NY) awarded $26,679
- Mar 29, 2024: JONES LANG LASALLE AMERICAS, INC. (Washington, DC) awarded $1,019,729
- Mar 29, 2024: FEATHER GROUP LLC (Chicago, IL) awarded $85,500
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