This morning I undertook the project of cleaning my home office. It took several hours but I stop to let my mind reminisce while sorting through the pile that accumulates over years.
Before tossing old junk I did scan a few items and create graphics for blogging. One of the things that caught my attention was an old phone list. The Real Estate Roster for my office from November 2003 contained 42 Realtors and I just counted our current list.. still 42 but of those only 12 remain the same. Four others are actively in business with different agencies, almost a 2-1 drop out rate.
Also found a floor schedule from June 2004. Scanning over the list of agents covering the 90 available shifts I counted 32 that are still in my office. This confirms the nearly 2-1 drop out rate within a three year timeframe.
We all know this is a tough business. Public perception seems to be we cruise around a few hours a day and collect the big bucks at closing time.
FSBO's think the can toss a sign out front and sell their home without using a real estate agent. Some do find success but the majority will list with a real estate agent within a few months.
Is this trend unique to the Connecticut Real Estate Market? We have seen the number of licenced agents swell during the boom years. I actually thought our office size increased but only the faces change. Curious... How is the turnover in your part of the country?