Yesterday the National Association of REALTORS® released the 2016 NAR Member Profile.
The report found that REALTORS®’ median age and experience has decreased, meaning new and younger professionals are entering the industry.
The typical member reported a median of 10 years of experience in real estate, down from 12 years in last year’s report. REALTORS®’ median age also decreased from 57 in 2014 to 53 in 2015, the lowest it has been since 2008, when the median age was 52.
According to NAR President Tom Salomone, “The median age of REALTORS® is younger than in the past 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. NAR is excited to have young, fresh perspectives enter the industry, and we are proud to offer resources for our younger members to advance and grow, such as the Young Professionals Network and ‘30 Under 30’ recognition.”
Check out this infographic showcasing some of the report’s findings: