Mid-size metros dominate the rankings of top
cities for real estate agents in 2024, offering unparalleled
opportunities.
ST.
LOUIS, June 25, 2024 /PRNewswire/ -- Detroit is the best city for real estate
agents in America, while San
Francisco is the worst, according to new research from
Clever Real Estate, a St.
Louis-based real estate company.
The study ranked the 50 most-populous U.S. metros
on metrics such as affordability, salary, number of agents, annual
home sales, home values, commission rates, and more.
Detroit emerged
on top, with nearly 5x as many sales per agent as the median
market, the lowest competition from fellow agents, and some of the
highest commission rates in the country.
The 10 best cities for real estate agents
are:
- Detroit, MI
- Buffalo, NY
- Kansas City, MO
- Tampa, FL
- Richmond, VA
- Columbus, OH
- Jacksonville, FL
- Atlanta, GA
- Pittsburgh, PA
- Hartford, CT
Regionally, seven of the top 15 cities for real
estate agents are in the Midwest, while the Northeast and South
each have four. No top-ranked cities are in the West, although six
of the 10 worst-performing cities are in that region.
The 10 worst cities for real estate agents
are:
- San Francisco, CA
- Austin, TX
- San Jose, CA
- Dallas, TX
- Milwaukee, WI
- New Orleans, LA
- Las Vegas, NV
- Phoenix, AZ
- Los Angeles, CA
- Riverside, CA
San Francisco
ranks as the worst city due to high competition, the fewest sales
per agent, and the second-longest amount of time needed to afford a
home on an agent's salary. Notably, four of the 10 worst cities for
agents are located in California.
Agents in New York
City earn the highest median salary at $103,960 per year, making it the only U.S. market
with a six-figure median income. Conversely, agents in Riverside, CA, earn the lowest median income
at $33,510 annually.
Listing agent commission rates are highest in
Boston at 3.1%, followed by the
major Ohio cities — Columbus Cleveland and Cincinnati — each at 3.08%.
However, San
Jose listing agents earn the highest dollar value per
commission, averaging $43,930 per
property sold. It is also the highest-earning city for buyer's
agents, who earn an average of $39,358 per deal.
Buyer's agent commission rates are highest in
Louisville, KY, averaging 3%. The
No.1 overall city, Detroit, trails
closely with an average rate of 2.96%.
Read the full report at:
https://listwithclever.com/research/best-cities-for-real-estate-agents-2024/
About Clever Real Estate
Clever Real Estate is a technology company
that produces educational real estate content reaching over 10
million readers annually, and its nationwide agent matching service
has a 5.0-star Trustpilot rating across 2,300+ customer reviews.
Since launching in 2017, Clever has reached $8.5 billion in real estate sold, matched
100,000+ customers with realtors, and saved consumers over
$160 million on commission fees.
Clever's network spans 19,000 agents across all 50 states.
Please contact Alyssa
Evans at 379571@email4pr.com with any questions or to
arrange an interview.
CONTACT:
Alyssa Evans
Clever Real Estate
379571@email4pr.com
315-690-1518
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SOURCE Clever Real Estate