Are you curious about the number of realtors in the United States? Well, you're in luck! In this article, we will explore the current figures and key insights about the real estate industry. So, let's get started!
Key Real Estate Agent Figures
- There are 1,566,354 Realtors in the United States.
- There are 106,548 real estate brokerages in the United States, with an average of 14.7 Realtors per brokerage.
- Florida has the highest number of Realtors, while Vermont has the fewest.
- The Miami Metropolitan Area has the highest concentration of real estate sales agents.
How Many Realtors Are There in Each State?
Let's take a closer look at the number of Realtors in each state:
- Florida leads the way with 222,293 Realtors.
- California follows closely with 202,852 Realtors.
- Texas ranks third with 152,222 Realtors.
- On the other end of the spectrum, Vermont has the fewest Realtors with 1,826.
For a comprehensive list of Realtors by state, refer to the table below:
| State/Territory | Number of Realtors |
|---|---|
| Alabama | 18,405 |
| Alaska | 1,970 |
| Arizona | 53,437 |
| Arkansas | 11,058 |
| California | 202,852 |
| Colorado | 28,925 |
| Connecticut | 18,838 |
| Delaware | 4,373 |
| Dist. Of Columbia | 2,867 |
| Florida | 222,293 |
| Georgia | 47,981 |
| Guam | 580 |
| Hawaii | 10,327 |
| Idaho | 11,965 |
| Illinois | 50,968 |
| Indiana | 20,718 |
| Iowa | 8,163 |
| Kansas | 10,519 |
| Kentucky | 13,142 |
| Louisiana | 16,640 |
| Maine | 5,832 |
| Maryland | 27,976 |
| Massachusetts | 25,622 |
| Michigan | 36,109 |
| Minnesota | 22,362 |
| Mississippi | 7,608 |
| Missouri | 25,966 |
| Montana | 5,718 |
| Nebraska | 5,513 |
| Nevada | 19,766 |
| New Hampshire | 6,673 |
| New Jersey | 59,685 |
| New Mexico | 7,571 |
| New York | 63,366 |
| North Carolina | 54,108 |
| North Dakota | 2,151 |
| Ohio | 36,949 |
| Oklahoma | 14,013 |
| Oregon | 18,189 |
| Pennsylvania | 38,513 |
| Puerto Rico | 1,043 |
| Rhode Island | 5,560 |
| South Carolina | 25,639 |
| South Dakota | 2,294 |
| Tennessee | 35,469 |
| Texas | 152,222 |
| Utah | 19,881 |
| Vermont | 1,826 |
| Virgin Islands | 389 |
| Virginia | 36,971 |
| Washington | 22,164 |
| West Virginia | 3,410 |
| Wisconsin | 17,098 |
| Wyoming | 2,677 |
| Total | 1,566,354 |
Is the Number of Realtors Growing or Declining?
The number of Realtors in the United States varies with economic cycles. During prosperous times, when the demand for housing is high, the number of agents increases to meet the opportunity. However, during economic downturns, two things happen:
Firstly, existing Realtors often leave the business, allowing new opportunities for aspiring agents. Secondly, fewer individuals are willing to pursue a career in real estate during challenging economic times.
The chart below depicts the growth and decline of the number of Realtors in the United States, highlighting the connection between agent numbers and the health of the economy.
Which Cities Have the Most Employed Sales Agents?
The U.S. Bureau of Labor Statistics provides employment data based on metropolitan areas. Let's take a look at the cities with the highest employment levels of real estate sales agents, along with the number of employed agents per 1,000 jobs:
| Metropolitan Area | Employment | Employment/1000 Jobs |
|---|---|---|
| Miami-Ft Lauderdale-West Palm Beach, FL | 11,070 | 4.22 |
| Houston-The Woodlands-Sugar Land, TX | 9,350 | 3.06 |
| Dallas-Ft Worth-Arlington, TX | 9,290 | 2.44 |
| Atlanta-Sandy Springs-Roswell, GA | 7,250 | 2.66 |
| Phoenix-Mesa-Scottsdale, AZ | 7,200 | 3.24 |
| New York-Newark-Jersey City, NY-NJ-PA | 6,040 | 0.66 |
| Los Angeles-Long Beach-Anaheim, CA | 5,720 | 0.94 |
| Orlando-Kissimmee-Sanford, FL | 5,080 | 3.91 |
| Denver-Aurora-Lakewood, CO | 3,920 | 2.53 |
| Tampa-St. Petersburg-Clearwater, FL | 3,840 | 2.81 |
Among these cities, the Miami metropolitan area stands out with the highest concentration of real estate sales agents, with 4.22 agents per 1,000 jobs. On the other hand, despite its large population, the New York metropolitan area has a lower concentration, with only 0.66 agents per 1,000 jobs.
Summary
In summary, as of 2023, the United States has a total of 1,566,354 Realtors, who are members of the National Association of Realtors. This number is part of the approximately 2 million real estate agents in the country. Florida, California, and Texas lead the way in terms of Realtor numbers, while Vermont and the Virgin Islands have the fewest.
The National Association of REALTORS® was founded in 1908, and since then, membership numbers have fluctuated with economic cycles. During prosperous times, the number of agents tends to increase, while during downturns, many agents leave the profession.
According to the U.S. Bureau of Labor Statistics, the Miami metropolitan area has the highest concentration of employed real estate agents, while the New York metropolitan area has a relatively lower concentration despite its large population.
Sources
- National Association of Realtors (NAR)
- U.S. Bureau of Labor Statistics
- Federal Reserve Bank of St. Louis