70 Vital Real Estate Statistics You Should Know

May 11th, 2021

The real estate market is constantly changing, both the professional landscape and the housing, rental, and commercial market. Staying up to date on these national and local trends will help you prepare for the coming months and year. Furthermore, knowing these real estate statistics and being fluent in real estate terms will impress clients and help earn their trust.


Real Estate Agent Statistics


Real Estate Job Opportunities and Career Outlook


Housing Market Statistics

  • National inventory in the U.S. declined by 42.6%. Amounting to 443,000 fewer homes for sale in January 2021 compared to January of 2020.

  • In January of 2021, the typical home spent 76 days on the market — 10 days less than the same time last year.

  • The median national home listing price increased by 15.4% over last year. Averaging $346,000 in January 2021.

  • The nation’s median listing price per square foot grew by 17.5% compared to last year.

  • The Silent Generation and Baby Boomers have the nation’s highest homeownership rates at 77.8% and 78.8%.

  • In 2019, first-time buyers made up a third of all home buyers.

  • Household growth fell by 5.1 million between the past two decades due to slower U.S. population growth.

  • It is projected that net growth in the number of homeowners from 2020 to 2040 will be nearly entirely people of color with white homeowners declining by 1.8 million.

  • Since November of 2020, 13% of new California residents came from New York and 8% came from Texas.

  • Austin, TX experienced a 15% increase in home values from 2019–2020.

  • The average one-year home value change from 2019–2020 in Raleigh, NC was a 9.6% increase.

  • San Diego experienced a 13.2% increase in home values from 2019–2020.


Home Buyer Statistics


Home Seller Statistics


Renter Statistics

  • Between 2012 and 2017, the number of units renting for $1,000+ shot up by 5 million, while those under a grand fell by 3.55 million.

  • From the third quarter of 2014 to the third quarter of 2019 (five year span), overall apartment rents rose by some 18 percent.

  • Renter growth projects to more than double the pace of homeowner growth over the next 20 years.

  • Rent fell by 1.2% nationally from March through June of 2020, opposite of the typical surges in the spring and summer.

  • In February of 2020, the median 1-bedroom apartment price for the eight most expensive cities was 120% higher than the bottom 92. A year later, the percentage sits at 79%.

  • Cities that neighbored high-priced cities became more expensive due to migration from expensive cities.

  • New York City experienced an 18% decrease YoY for a median 1-bedroom apartment, while Newark saw a 20% annual price increase.

  • San Francisco was the sole city for California’s five most populous cities to see a decrease in competition for rental properties in 2020 from 2019.

  • On average, Fresno was the most competitive city to rent in 2019 and 2020 for California’s five most populous cities.

  • From October 2020 to February 2021, California averaged 2.9 applicants per real estate agent.

  • The average number of applicants per real estate agent dropped from 3.04 in October 2020 to 2.87 in February 2021.

  • The one-year rent price change in Seattle, WA decreased by 19.5%.

  • The one-year rent price change decreased by 5.1% in Denver, CO.

  • The one-year rent price change in Austin, TX decreased by 3.8%.


Commercial Real Estate Market Statistics


Geographic Statistics for Agents

States With the Highest Employment Level for Real Estate Agents
State Employment Employment per 1,000 Jobs Annual Mean Wage
Florida 19,240 2.19 $62,790
Texas 16,380 1.32 $72,830
California 9,750 0.56 $74,140
Georgia 8,190 1.99 $54,670
Virginia 8,810 2.27 $64,210
Source: Bureau of Labor Statistics (May 2019)
Metropolitan Areas With the Highest Concentration of Jobs for Real Estate Agents
Metropolitan Area Employment Employment per 1,000 Jobs Annual Mean Wage
Hilton Head Island-Bluffton-Beaufort, SC 560 7.18 $59,100
Charleston-North Charleston, SC 2,000 5.57 $50,430
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 930 5.56 $41,220
Punta Gorda, FL 180 3.72 $75,770
Sebastian-Vero Beach, FL 200 3.69
Naples-Immokalee-Marco Island, FL 530 3.49 $60,090
Cape Coral-Fort Myers, FL 880 3.24 $54,630
Seattle-Tacoma-Bellevue, WA 6,230 3.08 $68,250
Virginia Beach-Norfolk-Newport News, VA-NC 2,320 3.06 $67,380
Oklahoma City, OK 1,190 3.04 $53,600
Source: Bureau of Labor Statistics (May 2019)

Hopefully, these statistics gave valuable insight into what it’s like to work in real estate and brought awareness to the residential and commercial real estate trends in the U.S.

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