Real Estate Sales & Brokerage in the US - Industry Market Research Report

December 2021 •
38 pages •
Report ID: 199056 •
Format: PDF

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Moving in: Expanding residential and nonresidential real estate construction are expected to lift industry sales volumes and commissions

Abstract

Real Estate Sales & Brokerage in the US
The Real Estate Sales and Brokerage industry is closely aligned with the health of the residential and commercial real estate markets in the United States. Industry revenue is directly correlated with property prices and real estate transaction volumes, and agents are typically paid completely on a commission basis and receive their fee only when they close a deal. Additionally, the residential market accounts for more than two-thirds of industry revenue, making the industry especially sensitive to fluctuations in housing prices and existing home sales. In 2014, increasing per capita disposable income and historically low interest rates helped increase home affordability, which bolstered demand for real estate brokerage services. Since then, the industry has demonstrated steady growth during the five-year period to 2019 due to interest rates remaining low and increasing consumer spending. Furthermore, rising house prices paved the way for steady gains in industry revenue. IBISWorld expects industry revenue to continue to improve over the five years to 2024. However, anticipated steady economic growth will likely force the Federal Reserve to raise interest rates over the next few years.

The Real Estate Sales and Brokerage industry in the US comprises brokers and agents that sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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