With February bringing the biggest month-to-month rise in existing-home sales since 2015, the personal-finance website WalletHub today released its report on 2019's Best Places to Be a Real Estate Agent.
To determine the best markets for real-estate agents, WalletHub compared more than 170 U.S. cities across 19 key indicators of a healthy housing market, ranging from sales per agent to annual median wage for real-estate agents to housing-market health index.
Best Places to Be a Real-Estate Agent
- Seattle, WA
- Salem, OR
- San Francisco, CA
- Oakland, CA
- San Jose, CA
- Denver, CO
- Fremont, CA
- Boston, MA
- Washington, DC
- Phoenix, AZ
Best vs. Worst
- Modesto, California, has the most homes sold in the past year per real-estate agent, 106.48, which is 14.7 times more than in Houston, the city with the fewest at 7.25.
- San Francisco has the highest median house price, $927,400, which is 21.7 times higher than in Detroit, the city with the lowest at $42,800.
- New York has the highest annual median wage for real-estate agents, $79,810, which is 2.8 times higher than in Fort Smith, Arkansas, the city with the lowest at $28,130.
- Oakland, California, listings have the fewest days on the market, 41, which is 3.9 times fewer than listings in New York, the city with the most at 160.
- Memphis, Tennessee, has the highest share of home flips, 12.76 percent, which is 9.5 times higher than in Albuquerque, New Mexico, the city with the lowest at 1.35 percent.
Cleveland also makes several cameos in Wallethub's study, but not exactly for a good reason.
The C-L-E ranks in the bottom five of catagories such as lowest median home price (which means less profit for agents) and lowest annual median wages for real estate agents.
You can view the full report by clicking here.
© 2019 iHeartMedia, Inc.
Hear news updates at the top and bottom of the hour:wtam.com/listen