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Time to cheer up your local realtor

Posted by Scott Van Voorhis December 15, 2008 09:00 AM

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When even your friendly local real estate agent is down in the dumps, you know these really are tough times.

That’s my take on the results of an annual survey of real estate folks from across New England by Winchester-based Rexer Analytics.

Back in April, 31 percent of those surveyed – roughly 200 with at least two years of experience – reported being “completely satisfied.’’

Not bad for any business, especially one where sales are dropping. I mean I can’t imagine 31 percent of any newsroom ever being “completely satisfied.’’ Maybe try 3 percent.

But throw in a recession and a global financial crisis, and six months later the number of those reporting to be in the equivalent of real estate heaven had dwindled to 13 percent.

Meanwhile, the number of real estate agents who reported being “completely dissatisfied’’ more than tripled, from a mere 7 percent to 24 percent.

Roughly half of those surveyed made less than $40,000 in the previous year, while about a quarter made more than $80,000.

But true to form, most agents haven’t lost that indomitable optimism that seems to be a prerequisite for working in the field.

More than a quarter of agents surveyed said they felt the coming year would be better than average. And more than 90 percent said they planned to stay in the field over the next two years.

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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