Last year was a massive year for iBuyers in the U.S. Great strides were made, many companies were acquired or merged, and both newcomers and established businesses threw their hats into the ring.
For example, did you know:
- IBuyers have a 0.2 percent market share in the entire U.S.
- In Phoenix (the iBuying hotbed), iBuyers have a 5 percent market share
- Opendoor alone has a 3 percent market share in Phoenix
Not to mention the various traditional brokerages making iBuying a part of their business and Zillow entering the game in 2018.
So, what’s the latest on the iBuyer landscape? How will it impact real estate agents’ bottom line?
Watch the full conversation above on Inman Select.