$43k $43k
337k 337k
2.8% 2.8%
3.3/5 3.3/5
H.S. High School

Real Estate Agent Job Outlook

There are currently an estimated 337,400 Real Estate Agents in the United States. The Real Estate Agent job market is expected to grow by 2.8% between 2014 and 2024.

Real Estate Agent Employability Rating

D Sokanu rates Real Estate Agents with a D employability rating, meaning this career should provide weak employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 33,000 Real Estate Agents. That number is based on 9,400 additional Real Estate Agents, and the retirement of 23,500 existing Real Estate Agents.

Demand for Real Estate Agents

Employment of real estate agents is sensitive to swings in the overall economy, the health of the real estate market, and especially to fluctuations in interest rates. As economic activity declines and interest rates rise, the volume of sales and the subsequent demand for agents falls.

This occupation is relatively easy to enter, allows for flexible working conditions, and offers high earnings potential – factors which historically attracted retired people and those seeking part-time careers. However, increasingly complex licensing and legal requirements associated with the industry are reducing the number of part-time agents. New entrants to the field naturally face intense competition from their experienced counterparts. Increased technology, which is improving the productivity of established agents, may also impact the rate at which new agents succeed in the field. In general, growing housing needs, perception that real estate is a sound investment, and low interest rates should continue to stimulate real estate sales and the job market for agents. Well-trained and motivated entrants with sales savvy and social and business connections in their communities stand to have the greatest success.

Supply of Real Estate Agents

The Real Estate Agent industry is concentrated in Florida, Texas, and California.

Real Estate Agent Job Market by State

State name Employed Real Estate Agents
Florida 20,360
Texas 14,350
California 12,200
Georgia 9,410
Washington 7,540
Pennsylvania 6,800
New York 6,500
Virginia 6,090
Ohio 5,910
North Carolina 5,160
Illinois 5,070
South Carolina 3,860
Oklahoma 3,800
Colorado 3,660
Arizona 2,790
Maryland 2,730
New Jersey 2,500
Michigan 2,470
Massachusetts 2,340
Utah 2,310
Missouri 2,180
Minnesota 1,900
Indiana 1,760
Kentucky 1,710
Nevada 1,530
Tennessee 1,480
Arkansas 1,170
Iowa 1,140
Louisiana 1,140
Alabama 1,110
Mississippi 990
Oregon 950
Wisconsin 900
New Mexico 860
Idaho 820
Kansas 770
Connecticut 740
District of Columbia 650
Delaware 610
Nebraska 600
North Dakota 480
Puerto Rico 390
Rhode Island 330
Montana 320
South Dakota 300
West Virginia 270
Hawaii 220
Wyoming 210
Alaska 200
New Hampshire 200
Maine 130

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