The Best Market for Real Estate Agents Is …

Real estate agents looking for the best market to make a living may want to pack their bags and head across the Pacific. According to the 2017's Best Places to Be a Real Estate Agent report from WalletHub, Honolulu is best place for real estate professionals to ply their trade.

 

WalletHub’s compared 150 of the largest U.S. cities using 14 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.” The conclusion placed Honolulu as the best market for real estate agents, followed by Seattle; Denver; Boston; Aurora, Colo.; Madison, Wis.; Reno, Nev.; San Francisco; Irvine, Calif.; and Austin, Texas. Mississippi’s capital city of Jackson ranked last among the 150 cities in the study.

 

Among the specific market characteristics studied by WalletHub, Oxnard, Calif., has the most homes sold in the past year per real estate agent (114.09) and the lowest real estate job density 1.28, while San Francisco has the highest median house price ($799,600) and listings with the fewest days on the market (47). Bakersfield, Calif., has the highest annual median wage for real-estate agents ($89,890) and Yonkers, N.Y., has the highest average ratio of home sale price to home list price (2.03), while Henderson, Nev., has the highest home turnover rate (9.87 percent) and Sioux Falls, S.D., has the lowest unemployment rate (2.3 percent).