NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020
Key Highlights
- In 2020, most real estate firms operated from a single office (80%) and were independent and non-franchised (86%).
- Firms with only one office had a median brokerage sales volume of $4.5 million and 19 real estate transaction sides.
- Firms cited maintaining sufficient inventory, housing affordability and competition from nontraditional market participants as the biggest challenges in the next two years.
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