May 8, 2024 - News

🤑 Bonus map: Agent wages

 Chart showing the median annual real estate agent wage by state as of May 2023. Data is unavailable for Colorado, Oklahoma, Tennessee, D.C.  and Massachusetts. Annual wages have been calculated by multiplying the corresponding hourly wage by 2,080 hours. The salaries range from  $36.6k in Kentucky to $104k in New York.
Data:BLS; Note: Annual wages have been calculated by multiplying the corresponding hourly wage by 2,080 hours; Chart: Tory Lysik/Axios Visuals

The median wage for Arizona real estate agents was $48,520 in 2023.

The big picture: Most observers believe commissions will fall, possibly to 1% to 1.5% per agent on each side, when the NAR settlement takes effect.

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