Seattle tops the list of the best metros for real estate agents

One recently WalletHub A study of 179 US cities found Seattle to be the top real estate agent market to work in and Corpus Christi, Texas was considered the worst.

The study of the cities took into account two factors: employment opportunities and competition and the health of the property market. Within these categories, each city was rated on a scale from 1 (highest score) to 179 (lowest score) based on revenue per agent, average annual estate agent wages, housing market health index, and more.

Seattle scored a 1 and 43, and Corpus Christi scored 178 and 146, respectively.

The other cities in the top 10 metropolitan areas for real estate agents are Pearl City, Hawaii (7 and 14), Sacramento, California (9 and 10), Salt Lake City (20 and 5), Denver (6 and 51), Nashville (17th century) and 12), Washington DC (2 and 116), Huntsville, Alabama (35 and 6), Austin (48 and 7), San Jose, California (3 and 134), and Vancouver, Washington (24 and 24).

Other real estate cities in the lower 10 metro are Las Cruces, New Mexico (174 and 139), Newark (130 and 179), Dover, Delaware (172 and 156), Brownsville, Texas (179 and 30), Shreveport, Louisiana ( 177 and 139), Buffalo, New York (175 and 151), Detroit (124 and 176), Columbus, Georgia (166 and 158), and Baton Rouge, Louisiana (170 and 148).

WalletHub found that real estate agents in Denver and Aurora, Colorado earn the highest median annual wage at $ 90,180, while real estate agents in Salem, Oregon earn the lowest annual wage at $ 26,850.

“The current real estate market is difficult for buyers as inventories have fallen by more than half compared to last year despite low interest rates,” said a WalletHub statement. “However, certain cities are bigger hotspots than others. In the coming year, real estate agents may want to move to places with the highest demand for housing and the best paid for their expert advice. “

Notably, the 37th ranked city that real estate agents work in – Missoula, Montana – was the highest ranked real estate market for health. The second largest city for real estate health is Reno, Nevada and the third largest city is Lubbock, Texas.

San Jose had the third highest score in WalletHub’s Job Opportunity and Competition category, but ranked 134th in terms of property market health. Similarly, Washington DC scored the second highest score on job opportunities and competition, but scored 116 on property market health. Boston ranked fourth highest for employment opportunities and competition, but 145th for real estate health.

Despite taking the top spot in WalletHub’s overall rankings, Seattle (and Tacoma, Washington) agents were found to have the 107th lowest annual revenue. Agents in Stockton and Santa Rosa, Calif., Knoxville, Tennessee, Providence, Rhode Island, and New Haven, Connecticut rank first on Metro with the highest average number of sales per agent.

Cape Coral, Florida was ranked the worst city in the country to move to when looking for a job in the area. Lewiston, Maine was rated a top city for prospective real estate agents.

WalletHub found that San Jose homes spend the fewest days on the market, followed by Seattle, Gilbert, Arizona, Oakland, and Mesa, Arizona. New York homes spend most of their time in the market.

Stockton, California has the most Properties sold per estate agent last year at 103.66 – 25.5 times more than in Nashua, New Hampshire, the city with the lowest number of 4.06. San Jose deals have the fewest days on the market at 37, 4.8 times fewer than deals in New York, the city with the most at 178.

WalletHub also found that Memphis, Tennessee, has the highest percentage of home flips at 11.95% per sale. That’s 6.1 times higher than Portland, Maine, where the flip rate is just 1.95%