The data from August clearly shows a market in flux. The introduction of NAR's new buyer agency rules has created uncertainty, leading agents to stay put while brokerages concentrate on internal adjustments.
This decline marks a reversal of the upward trend in agent movement observed earlier in 2024, where there were signs of increased mobility among agents.
Despite the decrease in agent movement, the number of active agents those with a closing in the past year has remained steady, showing no significant increase or decrease.
This month's findings contrast sharply with the trends noted in our earlier releases. The industry is now dealing with significant process changes, prompting stability and caution.
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