Despite rising home sale prices [the Reno-Sparks median sales price is up over 20 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.
Statewide, Active licensees fell 2.3 percent since this time last year. The number of Inactive licensees (those placing their licenses on ice temporarily) has also dropped – falling 20.7 percent. This indicates more agents are simply calling it quits with no intention to return to the business. Combined, the drop in the number of Active and Inactive licensee in the state has fallen 5.8 percent over the past year.
Washoe County saw similar declines in the number of its licensees. Countywide, Active licensees fell 2.2 percent since this time last year. The number of Inactive licensees fell 16.0 percent. Combined, the drop in the number of Active and Inactive licensee in the County has fallen 5.2 percent over the past year.
| Active | Inactive | Total | |
|---|---|---|---|
| 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 | |
|---|---|---|---|
| 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
related post: Washoe County real estate licensees decline nearly 5%
Curtis Reddehase
Very interesting to see those numbers decline but also not surprised. Thanks for sharing!