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.
Below, we’ve compiled 40 statistics to give some insight into the world of real estate as it is right now in 2019. Looking for statistics related to a certain sector of real estate? Feel free to jump ahead using the links below:
Residential real estate statistics
Real estate demographic statistics
Real estate financing statistics
Real estate marketing statistics
Real estate agent statistics
Commercial real estate statistics
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.
Buying a home is no small feat. Below, you’ll find a few statistics specific to homebuyers.
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.
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.
It may seem like millennials are abandoning home buying in favor of renting, but these stats prove that that may not be the case.
As student loans continue to ensnare the population into a collective $1.7 trillion debt, real estate financing has been impacted.
Notably, home values are increasing while millions of Americans are spending more than 50% of their earnings on their home purchase.
Real estate agents understand the benefits of a good marketing plan. In 2019, the majority of agents are using their budget toward marketing efforts such as content creation and real estate marketing software.
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.
Commercial real estate refers to non-residential property that serves to generate income. This includes shopping malls, hotels, and office spaces.
TIP: Investors use real estate portfolio 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.
Izabelle is a former Content Marketing Associate who joined G2 in April 2018. After earning a degree in Journalism from the University of Missouri, Izabelle moved back to her hometown of Chicago in pursuit of a career and deep-dish pizza. Outside of work, she is passionate about all things pop culture, food, and travel. (she/her/hers)
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