The business of real estate is always changing.
There are a lot of moving parts that influence the real estate industry. Whether you’re a buyer, seller, renter, or agent, fluctuations in the market can have a big impact on your business or lifestyle. With number external factors like the economic conditions affecting the real estate industry, learning more about the real estate statistics will help understand the property landscapes and help take better buyer decisions. Real estate marketing software can also help real estate agents and clients connect.
Between all of the different real estate terms, types of real estate, and people that make up each sector, the industry is pretty complicated. To keep things as simple as possible, we’ve divided up the following stats into relevant sections.
Residential is what most people think of when they hear the term real estate. It refers to the types of properties that people live on – those that are not intended to be used for anything business-related. This includes single and multi-family homes, as well as condos and townhouses.
was the average home price in the United States in 2023 according to the Census Bureau and Department of Housing and Urban Development.
Source: Forbes
Buying a home is no small feat, especially given the current economic situation. Below, you’ll find a few statistics specific to home buyers.
A real estate management solution designed to help brokers work more efficiently, brokerage management software can be useful to simply everyday workflow, track listings, monitor real estate agents performance, and much more.
Selling a home can be just as big of a hurdle as buying one. From getting a property listed to setting up the open house, finding qualified buyers is a feat in and of itself. Here are some selling statistics.
of sellers were assisted by a real estate agent when selling their home.
Source: National Association of Realtors
Not everyone can afford to buy a home – that’s where renting comes in. Many residential properties are offered as rental units to tenants for non-commercial purposes.
A real estate agent or broker is a professional that is licensed to sell property in their state. The business of buying and selling properties can be incredibly lucrative but doesn’t come without its difficulties. Here are some of real estate agent statistics.
Commercial real estate refers to non-residential property that serves to generate income. This includes shopping malls, hotels, and office spaces.
Investors use real estate investment management software to monitor their commercial real estate properties and mitigate risk. To browse portfolio management tools and read reviews from real users, head to G2.
We can’t predict the future – especially not in the world of real estate. As buyer preferences evolve, trends in the market will come and go. One thing is for sure: the need for property isn’t going away anytime soon. Whether it’s an individual, family, or a business, it’s likely that everyone will brush shoulders with the real estate industry at some point.
Before making your next big real estate purchase, learn more about escrow.
Use real estate marketing software to help attract new clients and advertise real estate services.
Izabelle is a Partner Marketing Specialist at InStride and a former content specialist at G2. Outside of work, she is passionate about all things pop culture, food, and travel. (she/her/hers)
Use real estate marketing software to help attract new clients and advertise real estate services.
Before you take a dip into the world of real estate, it's important to preload the basics.
If you’re just starting out as a real estate agent, it can feel daunting to envision building...
Whether it’s a home or a commercial property, selling real estate is no simple feat. That’s...
Before you take a dip into the world of real estate, it's important to preload the basics.
If you’re just starting out as a real estate agent, it can feel daunting to envision building...
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