Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Real estate agent incomes more than double house price gains

Posted by: Jim Buchta under Buying Updated: May 14, 2013 - 3:16 PM

It's been a challenging eight years to be a real estate agent, and thousands across the country have left the industry or taken on part-time work to help supplement income lost when the housing market crashed. A new report, however, shows that with home sales on the rise, agents are finally earning more.

The median gross income for the average Realtor last year was $43,500 - a 25 percent from 2011, according to new data from the National Association of Realtors (NAR). During the same period, the median sale price of all closings in the metro was just shy of 12 percent. For agents, that was the second year of gains after nine consecutive years of declines. 

Do these figures seem to surprising? Should agents earn more? Less? Share your thoughts, but be civil.

 

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT