The data from July clearly show a market in transition. After months of increased activity, agents are beginning to take a more measured approach, likely in response to the uncertainties brought about by recent industry changes.
Halting of agent growth: The recent trend of increasing active agents, which we've observed over several months, appears to have stopped. The number of active agents stabilized, potentially signaling a more challenging environment for new entrants.
This month’s findings depart from the trends we’ve seen in previous AMI releases, where we noted a consistent rise in active agents and agent movement.
Agents are experiencing uncertainty surrounding the implementation of the National Association of Realtors (NAR) commission rule changes. This uncertainty makes agents more hesitant to make significant moves, contributing to the decline in agent movement.
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