Trending...
- Netvantage SEO Launches Therapist SEO - 184
- Scarecrow Fest offers fall-themed activities at Frankenmuth River Place Shops - 174
- Pear Sperling Eggan & Daniels, P.C. Attorneys Recognized as 2025 Super Lawyers - 172
ST. LOUIS, June 25, 2024 ~ According to a recent study conducted by Clever Real Estate, a St. Louis-based real estate company, Detroit has been named the best city for real estate agents in America. On the other hand, San Francisco has been ranked as the worst city for agents.
The study analyzed and ranked the 50 most populous cities in the United States based on various metrics such as affordability, salary, number of agents, annual home sales, home values, and commission rates. Detroit emerged on top with nearly five times more sales per agent than the median market. It also had the lowest competition from fellow agents and some of the highest commission rates in the country.
The top 10 cities for real estate agents are Detroit, MI; Buffalo, NY; Kansas City, MO; Tampa, FL; Richmond, VA; Columbus, OH; Jacksonville, FL; Atlanta, GA; Pittsburgh, PA; and Hartford, CT. Interestingly, seven out of these 10 cities are located in the Midwest region while four are in the Northeast and South regions each. Surprisingly, none of the top-ranked cities are located in the West region.
More on Michimich.com
On the other hand, San Francisco has been ranked as the worst city for real estate agents due to high competition among agents and low number of sales per agent. It also takes a significant amount of time for an agent to afford a home on their salary in this city. Notably, four out of the 10 worst-performing cities for agents are located in California.
The study also looked at median salaries for real estate agents across different cities. New York City topped this list with a median salary of $103,960 per year – making it the only city with a six-figure median income for agents. In contrast, Riverside, CA had the lowest median income at $33,510 annually.
When it comes to listing agent commission rates – Boston had the highest rate at 3.1%, followed by Columbus, Cleveland, and Cincinnati in Ohio – each with a rate of 3.08%. However, San Jose had the highest dollar value per commission for listing agents, averaging at $43,930 per property sold. It also ranked as the highest-earning city for buyer's agents with an average of $39,358 per deal.
For buyer's agent commission rates, Louisville, KY had the highest rate at 3%, closely followed by Detroit at 2.96% - the top-ranked city overall.
The full report can be accessed on Clever Real Estate's website at https://listwithclever.com/research/best-cities.... The study provides valuable insights for real estate agents looking to thrive in their respective markets.
The study analyzed and ranked the 50 most populous cities in the United States based on various metrics such as affordability, salary, number of agents, annual home sales, home values, and commission rates. Detroit emerged on top with nearly five times more sales per agent than the median market. It also had the lowest competition from fellow agents and some of the highest commission rates in the country.
The top 10 cities for real estate agents are Detroit, MI; Buffalo, NY; Kansas City, MO; Tampa, FL; Richmond, VA; Columbus, OH; Jacksonville, FL; Atlanta, GA; Pittsburgh, PA; and Hartford, CT. Interestingly, seven out of these 10 cities are located in the Midwest region while four are in the Northeast and South regions each. Surprisingly, none of the top-ranked cities are located in the West region.
More on Michimich.com
- Pastor Reeves Launches Pastor Reeves Studio: Original Christian Artwork Now Available Online
- Michigan Food as Medicine Summit to Bring Together Health, Policy, & Community Leaders Oct 7–8
- Youth Take the Lead: Kopp Foundation for Diabetes Hosts "By Youth, For Youth, With T1D" Gala on October 8 at Blue Bell Country Club
- Green Office Partner Named #1 Best Place to Work in Chicago by Crain's for 2025
- Roofman USA Expands Roofing Services Across Michigan, Adding Key Locations
On the other hand, San Francisco has been ranked as the worst city for real estate agents due to high competition among agents and low number of sales per agent. It also takes a significant amount of time for an agent to afford a home on their salary in this city. Notably, four out of the 10 worst-performing cities for agents are located in California.
The study also looked at median salaries for real estate agents across different cities. New York City topped this list with a median salary of $103,960 per year – making it the only city with a six-figure median income for agents. In contrast, Riverside, CA had the lowest median income at $33,510 annually.
When it comes to listing agent commission rates – Boston had the highest rate at 3.1%, followed by Columbus, Cleveland, and Cincinnati in Ohio – each with a rate of 3.08%. However, San Jose had the highest dollar value per commission for listing agents, averaging at $43,930 per property sold. It also ranked as the highest-earning city for buyer's agents with an average of $39,358 per deal.
For buyer's agent commission rates, Louisville, KY had the highest rate at 3%, closely followed by Detroit at 2.96% - the top-ranked city overall.
The full report can be accessed on Clever Real Estate's website at https://listwithclever.com/research/best-cities.... The study provides valuable insights for real estate agents looking to thrive in their respective markets.
Filed Under: Business
0 Comments
Latest on Michimich.com
- New Slotozilla Project Explores What Happens When the World Goes Silent
- Calder Capital Bolsters Leadership, Doubles Down on Long-Term Growth Plans
- The Two Faces of Charles D. Braun: How the Novel, Posthumously Yours, Came to Life
- Macomb Township Chiropractic Chiropractor Improves Posture Problems and Pain
- Don't Let Hip Pain Slow You Down! Macomb Township Chiropractic Can Help!
- AI in Physics-Based Product Performance Simulation: From Surrogates to Solvers
- Wise Business Plans Launches Comprehensive Business Plan Services Across Michigan's Major Cities
- Counseling Center of New Smyrna Beach Expands Affordable Mental Health Services for Volusia County
- Athena Forge (ATFG) Introduces Advanced Token for Technology-Driven Financial Ecosystem
- Albuquerque's Z-CoiL Footwear Brings All-American Family Business Story to Shark Tank Season Premiere
- NoviSign Sponsoring VARTECH 2025 - the B2B IT channel's #1 event
- Unicorp and BH Group Select Chasing Creative—Palm Coast Agency—to Lead Growth Marketing for The Ritz-Carlton Residences, Hammock Dunes
- Breaking: 50+ runners from 20+ states relay custom 9/11 flag 485 miles from Shanksville through DC to Ground Zero for memorial remembrance run
- SecureMaine 2025 is this October 8th in Portland, Maine
- John Thomas calls for unity and prayer after tragic loss
- Where the Miami Dolphins Stand After Week 1
- Which NFL Teams Can Rebound from Week 1? OddsTrader Breaks Down the Biggest Questions
- Apellix Deploys Breakthrough Spray-Painting Drones into Live Service Limited Beta Program Open for Advanced Contractors
- DivX Unveils New Educational Blog Series to Simplify MKV to MP4 Video Conversion
- CCHR: For Prevention, Families Deserve Truth From NIH Study on Psychiatric Drugs