Theres nearly 1.6 million Realtors and rumor is 800K have not closed a deal in 8 months

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2022 might come in at 5.12 million existing homes sold (July data, seasonally adjusted). At the end of July, there were 1.58 million REALTOR members of NAR.

In 2000, 5.04 million existing homes were sold. At the end of 2000, there were 766K REALTOR members of NAR.

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As you can see, existing home sales remained between 2 million and 4 million from 1975 to 1995, with an average of 3.25 million. That’s 20 years. From 1996 to 2021 (25 years), which includes the Real Estate Bubble, existing home sales ranged between 7 million in 2005 to 4.1 million in 2008, with an average of 5.25 million.

In 2021, a record-setting hottest of the hot housing market year, there were 6.12 million homes sold, a 147% increase over 1975. What’s more, the median home price in the U.S went up in real dollar terms (1975 dollars) by 116.4%, resulting in a per-REALTOR Sales Volume 585% more than in 1975 in nominal terms.

The problem is that there were also 1.6 million REALTOR members in 2021, a 258% increase from 1975. So the average REALTOR did 7.8 transactions in 2021, versus 11.4 in 1975.

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