The 2024 real estate market was challenging for agents and their clients — lower inventory, high interest rates, and fewer overall sales. But even in a cooler market, the number of real estate agents hasn’t declined.
According to a recent post by real estate analyst Mike DelPrete, the number of agents in the U.S. is not decreasing despite the market downturn. In his article, DelPrete notes that nearly 63% of agents closed five or fewer transactions in 2024. Almost two-thirds of agents are low-volume and inexperienced in today’s tricky market conditions.
Why This Matters to You
Buying or selling real estate in a market like ours requires more than just a real estate license. It takes expertise, connections, and a deep understanding of the local market.
That’s where our team shines. We average one transaction per week each year. That level of volume keeps our skills sharp, our market knowledge fresh, and our negotiation tactics strong.
In contrast, agents doing only a handful of deals per year have fewer opportunities to practice their craft, and they can miss the subtle signs of pricing trends, fail to leverage the best marketing techniques, or struggle to put together a clean, competitive offer.
Today’s Market Demands More Than Casual Effort
Inventory is still tight, and rising interest rates have changed the math for many would-be homeowners. The barrier to entry in real estate is low, and many agents simply ride the wave when times are good.
If you’re thinking of buying or selling in Park City, you need an agent who has a finger on the pulse of the market every single day — not someone who’s checking in a couple of times a year.
Want to chat more about how we can help you succeed in today’s market? Reach out anytime — we’re happy to be your resource.