April 27, 2019 | Archive

The Best Markets for Real Estate Pros

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Tracey Velt is the Senior Director of Data & Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine.see full bio

The Best Markets for Real Estate Pros

To determine the best markets for real-estate agents, WalletHub compared more than 170 U.S. cities across 19 key indicators of a healthy housing market, ranging from sales per agent to annual median wage for real-estate agents to housing-market health index.

Best Places to Be a Real-Estate Agent
1 Seattle, WA 11 Santa Rosa, CA
2 Salem, OR 12 Vancouver, WA
3 San Francisco, CA 13 Fargo, ND
4 Oakland, CA 14 Sioux Falls, SD
5 San Jose, CA 15 Tempe, AZ
6 Denver, CO 16 Gilbert, AZ
7 Fremont, CA 17 Portland, OR
8 Boston, MA 18 Irvine, CA
9 Washington, DC 19 Tacoma, WA
10 Phoenix, AZ 20 Mesa, AZ

Best vs. Worst

  • Modesto, California, has the most homes sold in the past year per real-estate agent, 106.48, which is 14.7 times more than in Houston, the city with the fewest at 7.25.
  • San Francisco has the highest median house price, $927,400, which is 21.7 times higher than in Detroit, the city with the lowest at $42,800.
  • New York has the highest annual median wage for real-estate agents, $79,810, which is 2.8 times higher than in Fort Smith, Arkansas, the city with the lowest at $28,130.
  • Oakland, California, listings have the fewest days on the market, 41, which is 3.9 times fewer than listings in New York, the city with the most at 160.
  • Memphis, Tennessee, has the highest share of home flips, 12.76 percent, which is 9.5 times higher than in Albuquerque, New Mexico, the city with the lowest at 1.35 percent.

To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/best-worst-cities-to-be-a-real-estate-agent/18713/

3d rendering of a row of luxury townhouses along a street

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