Licensees numbers continue to decline

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Despite several months of rising home sales prices [the Reno-Sparks median sales price is up 25 percent YTD] the number of licensed brokers and agents throughout the state continues to decline — as agents leave the business voluntarily, or otherwise. According to the most recent data released by the State of Nevada Real Estate Division the number of licensees has hit a new low.

The Real Estate Division has licensee data going back to April 2007. Since that time, statewide, Active licensees has fallen over 31 percent. The number of Inactive licensees (those placing their licenses on ice temporarily) has plummeted more than 52 percent. This indicates more agents are simply calling it quits with no intention to return to the business. Combined, the number of Active and Inactive licensees in the state has fallen more than 35 percent over the past six years.

Countywide (Washoe), Active licensees has dropped over 20 percent since 2007. The number of Inactive licensees has fallen over 57 percent. Combined, the number of Active and Inactive licensees in the County has fallen more than 31 percent.

Active Inactive Total
Washoe County Licensed RE Agents and Brokers
September 2012 2,506 555 3,061
May 2012 2,517 587 3,104
January 2012 2,537 623 3,160
June 2011 2,574 699 3,273
February 2011 2,578 744 3,322
March 2010 2,644 803 3,447
November 2009 2,737 779 3,516
September 2009 2,737 796 3,533
August 2009 2,725 817 3,542
March 2009 2,770 1,022 3,792
December 2008 2,888 1,001 3,889
September 2008 2,791 1,011 3,802
June 2008 2,984 1,085 4,069
January 2008 3,104 1,142 4,246
October 2007 3,176 1,134 4,310
August 2007 3,229 1,137 4,366
June 2007 3,221 1,237 4,458
April 2007 3,166 1,304 4,470

 

Active Inactive Total
Statewide Licensed RE Agents and Brokers
September 2012 19,832 3,642 23,474
May 2012 19,925 3,855 23,780
January 2012 19,987 4,264 24,251
June 2011 20,395 4,861 25,256
February 2011 20,744 5,276 26,020
March 2010 22,139 5,652 27,791
November 2009 22,612 5,802 28,414
September 2009 22,865 5,943 28,808
August 2009 22,920 6,066 28,986
March 2009 23,466 7,448 30,914
December 2008 24,327 7,457 31,784
September 2008 23,814 7,345 31,159
June 2008 25,986 7,518 33,504
January 2008 26,997 7,470 34,467
October 2007 28,115 6,970 35,085
August 2007 28,548 6,988 35,536
June 2007 28,763 7,418 36,181
April 2007 28,886 7,723 36,609

Source: Nevada Real Estate Division

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About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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