AgentBrokerage

Realtors are getting younger (finally!)

Median age dropped to 53 as NAR membership grew to 1.168 million in 2015
  • An influx of new professionals into the real estate industry is bringing down the age and experience level of the typical Realtor.

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Senior discounts are still on the near horizon for many Realtors, but their median age has finally begun to fall. After trending upward for close to a decade, the median age of Realtors has recently dropped amid an influx of young professionals. Realtors' median age fell to 53 in 2015 from 57 in 2014, its lowest level since 2008, according to a report released today by the National Association of Realtors. NAR's 2016 Member Profile also found that Realtors' median years of experience fell to 10 years from 12 from 2014 to 2015.  The report was based on over 10,000 survey responses. The median age of Realtors dropped "because more people entered the real estate profession this year than in past years, with 20 percent of members reporting one year or less of experience,” said NAR President Tom Salomone. In the 2014, only 11 percent of members had one year or less of experience. Source: National Association of Realtors 2016 Membership Profile The share of...