Low inventory must be bad for agents?

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  • #25693 Answer

    Joe

    I’m a first time buyer but since we haven’t found anything due to low inventory, I’d imagine real estate agents are hurting because of low inventories? If there are less transactions, there are less opportunities to earn money.

    So real-estate agents, have you been hurt by the low inventory?

    #25711 Answer
    Greg Fielding
    Greg Fielding
    Keymaster

    It definitely is tough out there right now. I have a lot of buyers right now with nothing to show them. It’s hard to say exactly how much I or anyone else has been hurt, but it is absolutely true that there would be a lot more transactions and paychecks if there were more homes for sale.

    #25740 Answer

    Tom Stone

    Yes, agents need transactions to generate commissions. Our costs of doing business are always there, that’s reasonably smooth. The income is lumpy.

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Answer: Low inventory must be bad for agents?
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