I tried to wave the guy off, but he wouldn’t listen.
He asked me a question that I couldn’t answer”¦
How many Realtors are there per capita, and how does Arizona compare to other states?
I felt relatively confident in saying that Arizona was near the top (or bottom depending on your perspective) of the list of states with a high Realtor count. Lots of my real estatey friends across the country often seem surprised when we chat about how many agents are in our area. There are a LOT of real estate agents in Phoenix. You can’t swing a dead cat in this town without smacking an agent across the head. Seems everyone has a mother, brother, cousin or in-law that is licensed to sell real estate.
But I had no clue where Arizona actually stood when compared to other states. You know, empirically with data, not anecdotal evidence gleaned through some random conversation.
In a bizarre stroke of coincidence, today the National Association of Realtors (NAR) released their Monthly Membership Report for July 2010.
Put that data together with a little estimated population data from the Census Bureau, apply some higher math (division) and one can calculate the population per Realtor.
Why would anyone care?
Why. Would. Anyone. Care.
Well, you probably don’t. But I don’t care for being asked a question that I can’t answer. I took the NAR data from the top ten states by total Realtor count, and looked up those states total population. Turns out, Arizona ranks seventh overall in agent count. But take a gander where Arizona ranks in “Population per Agent”:
So there is one real estate agent for every 153 people living in Arizona. Sure, California has almost four times as many agents as Arizona, but they also have six times the population.
There you have it, another #1 ranking for Arizona real estate (at least among the top ten agent count states).
Incidentally for another bit of minutiae, the agent count dropped from July 2009 to July 2010 in 48 of 50 states. Only Massachusetts and North Dakota showed an increase in agent count over the past 12 months.
Bet ya didn’t know that!
Photo credit: albany_tim on Flickr. CC License.