Real Estate Agent

5 Best Cities for Real Estate Agents: Report

Despite National Woes, Bay Area Housing Prices Hit New Highs
(Photo : (Photo by Justin Sullivan/Getty Images)) A real estate agent views a home for sale with a list price over $2 million during a brokers tour May 17, 2007 in Kentfield, California. The San Francisco Bay Area has seen the median price for existing single family homes surge 6.6% to $720,000 while the national median home price dropped 0.9% to $215,300 in March. Marin County led the Bay Area surge with the median home price reaching a record high of $1,010,000, the first county in the state of California to surpass the million dollar mark.

The real estate market has seen its fair share of ups and downs in recent years, but for savvy agents, certain cities across the nation continue to offer lucrative opportunities. 

A new report from The Close recently analyzed key factors such as housing inventory, population growth, and median home prices to identify the top cities where real estate agents can have the most growth and earning potential. Data analyzed by the publication were sourced from the US Census Bureau, Census Business Builder, US Bureau of Labor Statistics, Realtor.com, the Federal Reserve Bank of St. Louis, Zillow.com, and Macrotrends. 

Best Cities for Real Estate Agents

1. Las Vegas, NV

  • Mean Average Wage: $79,770

  • Number of Real Estate Establishments: 1,703

  • Median Listing Price: $1,200,000

Las Vegas tops the list as the best city for real estate agents. Many factors come together to make it rank the highest on the list. First, real estate agents in Las Vegas have a mean average wage of $79,770. More than 1,700 real estate establishments are in the area with a median listing price of $1,200,000. Furthermore, the city's population is projected to grow by 0.51%.

2. Los Angeles, CA

  • Mean Average Wage: $74,150

  • Number of Real Estate Establishments: 9,014

  • Median Listing Price: $999,000

Los Angeles is home to numerous film sets, NFL teams, NBA teams, and MLB teams. It ranks second on The Close's list of best cities for real estate agents, with the mean average wage at $74,150. In addition, the city's population is estimated to grow by 0.53%. 

3. Boston, MA

  • Mean Average Wage: $79,730

  • Number of Real Estate Establishments: 1,169

  • Median Listing Price: $415,000

Boston is home to beautiful parks and sports teams. It is also a great market for real estate agents, especially with low rates of competition. For every 1,000 people in the city, there is only 0.4 of a real estate agent, the report noted. 

4. Charlotte, NC

  • Mean Average Wage: $56,760

  • Number of Real Estate Establishments: 2,221

  • Median Listing Price: $615,000

Charlotte is the fourth city on the list, particularly due to its population growth, which is projected to increase by 1%. Its job market is also keeping a healthy pace, with a growth of 2.5% last year. 

5. Washington DC

  • Mean Average Wage: $74,930

  • Number of Real Estate Establishments: 2,989

  • Median Listing Price: $439,000

Washington DC boasts high wages for real estate agents. The population also grew by 1.23% last year. Furthermore, for every 1,000 people, there is 0.981 of an agent. 

READ NEXT: These Cities Are the Most and Least Affordable for First-Time Home Buyers: Report


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