Wages Are Up, Prices Are Down
The National Association of Realtors have released results of a survey revealing interesting details. The survey’s results concluded that in 2011 there was a 2.3% increase in average salary amongst Realtors; the first increase seen in nine years. Yes, that’s right. 9 years. Now, this seems rather strange since real estate has been doing nothing but plummeting and ebbing it’s way through the past decade, with no sights for improvement on the horizon. However, this increase in salary could be a great indicator that maybe real estate as a national industry is finally starting to recuperate, and that not all hope is lost for those pursuing the career path of a real estate agent. In fact, the poll also revealed that more than 9 out of 10 Realtors surveyed said they planned on remaining in their profession for at least two more years.
In combination with reports of real estate being on the recovery in the United States, as well as the Canadian market’s “soaring” in prices and sales (with the exception of Vancouver, who for over 5 months have seen a steady decline in sales and price), are we about to see the market recover? Let us know your thoughts on Twitter.
photo courtesy of Colin_K