Multiple Listing Service (MLS) Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Multiple Listing Service (Mls) Statistics 2023: Facts about Multiple Listing Service (Mls) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Multiple Listing Service (Mls), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Multiple Listing Service (Mls) Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Multiple Listing Service (Mls) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Multiple Listing Service (Mls) Statistics on this page 🙂

Multiple Listing Service (Mls) “Latest” Statistics

  • As of October 2019, just over 120 individual agent members and sponsors were listed on the CRGAR website.[1]
  • Black Knight provides the depth, flexibility, and quality required to serve a variety of business requirements with its countrywide public records property data, which includes more than 99% of U.S. homes.[2]
  • Two-thirds of all realtors have websites, and they say that their listings are featured on a variety of websites, including REALTOR.com, the realtor website, according to the 2007 REALTOR® Technology Survey.[3]
  • Nearly 90% of realtors agree that internet positioning is not a business strategy in and of itself.[3]
  • According to the National Association of REALTORS®, 5.64 million existing houses were sold in 2020.[4]
  • According to the U.S. Census Bureau, 822,000 newly constructed(link is external) residences were sold in 2020.[4]
  • According to the Association of Real Estate License Law Officials (ARELLO)(link is external), the United States has over 3 million active real estate licenses.[4]
  • According to the Federal Reserve’s Survey of Consumer Finances, 64.9% of households owned their principal residence in 2019.[4]
  • According to the 2018 American Community Survey, there are roughly 119.7 million inhabited housing units in the United States.[4]
  • The average house seller has been in their home for 8 years, according to the 2021 Profile of Home Buyers and Sellers.[4]
  • 67% of REALTORS® possess sales agent licenses, 21% hold broker licenses, and 14% hold broker associate licenses.[4]
  • The average REALTOR® is a 56-year-old white female who went to college and owns a home.[4]
  • The median age of all REALTORS® is 56, and 66% of all REALTORS® are female.[4]
  • All REALTORS® have an average of 8 years of real estate experience.[4]
  • The average tenure at the current firm (for all REALTORS®) is 5 years.[4]
  • In 2021, the majority of REALTORS® worked 35 hours per week.[4]
  • REALTORS® had a median gross income of $54,330 in 2021, up from $43,330 in 2020.[4]
  • REALTORS® prefer to contact with their clients via text messaging, with 93% and 90% preferring to communicate by phone, respectively, and 89% preferring to communicate via e-mail.[4]
  • A website is used by 70% of brokers/broker associates and 69% of sales agents.[4]
  • On their website, 81% of members have their own listings, 69% have information on buying and selling, and 66% have a link to their firm’s website.[4]
  • For professional purposes, 74% of REALTORS® use Facebook, and 56% use LinkedIn.[4]
  • Social media accounts for 1-5% of all members’ business, whereas 10% get 6-10%.[4]
  • In 2020, the average home seller was 60 years old, with a median household income of $93,200, and had resided in their home for ten years.[4]
  • When it came to selling their house, 86% of sellers used the services of a real estate agent.[4]
  • Recent sellers generally received 100% of the listed price, and 38% reported lowering the asking price at least once.[4]
  • 36% of sellers who utilized a real estate agent were referred by friends or family, and 27% used the agent with whom they previously worked to buy or sell a house.[4]
  • 73% of sellers said they would use the same agency again.[4]

Also Read

How Useful is Multiple Listing Service Mls

The MLS is essentially a database of properties for sale, typically operated by a group of real estate brokers. It allows real estate agents to share information about the properties they have listed, making it easier for buyers to find their dream home and for sellers to reach a larger audience. This can be incredibly useful for both buyers and sellers for a multitude of reasons.

For buyers, the MLS is a one-stop shop for all of their home searching needs. Instead of having to scour different websites or drive around neighborhoods looking for “For Sale” signs, buyers can simply browse through listings on the MLS. They can filter the results to only show properties that meet their specific criteria, such as price range, number of bedrooms, or location. This makes the home search process much more efficient and helps buyers find their dream home in a timely manner.

For sellers, the MLS offers a way to reach a larger audience of potential buyers. By having their property listed on the MLS, sellers can ensure that their home is being seen by a wide range of real estate agents and potential buyers. This increases the chances of their home selling quickly and for a fair price. Additionally, having a property listed on the MLS gives sellers added credibility, as it shows that their home is being represented by a professional real estate agent.

One of the key benefits of the MLS is the accuracy and reliability of the information it provides. Real estate agents are required to update their listings on the MLS regularly, ensuring that all of the details about a property are up to date and accurate. This helps to prevent misunderstandings or miscommunications between buyers and sellers and can help to facilitate a smooth and successful real estate transaction.

Another advantage of the MLS is the level of professionalism it brings to the real estate industry. By having all listings centralized in one database, the MLS promotes a sense of transparency and integrity among real estate agents. It also helps to weed out any less reputable agents who may not have access to the MLS or choose not to participate in it. This means that buyers and sellers can have confidence in the real estate agents they are working with, knowing that they are held to a certain standard of professionalism.

In conclusion, the Multiple Listing Service is an invaluable tool for both buyers and sellers in the real estate industry. It streamlines the home buying and selling process, provides accurate and reliable information, and promotes a sense of professionalism and integrity among real estate agents. Its usefulness cannot be overstated, and it will likely continue to play a significant role in the real estate market for years to come.

Reference

  1. wikipedia – https://en.wikipedia.org/wiki/Multiple_listing_service
  2. blackknightinc – https://www.blackknightinc.com/california-regional-multiple-listing-service-crmls-selects-black-knights-industry-leading-public-records-property-data/
  3. nar – https://www.nar.realtor/nar-doj-settlement/multiple-listing-service-mls-what-is-it
  4. nar – https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics

Leave a Comment