Challenges for Real Estate Firms Over the Next Two Years

Tia Wisdom
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Housing Affordability, Maintaining Sufficient Inventory and Keeping up With Technology Among Biggest Challenges for Real Estate Firms Over the Next Two Years, NAR Report Finds

Key Highlights

  • In 2022, most real estate firms operated from a single office (81%) and were independent and non-franchised (86%).
  • Firms with only one office had a median brokerage sales volume of $5.3 million and 15 real estate transaction sides.
  • Almost one-third of firms (30%) expect profitability or net income from all real estate activities to increase this year, down from 58% in 2021.

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