While many industry observers predicted that the post-pandemic period would see an increase in agent movement between brokerages, Relitix’s Agent Movement Index indicates that we have not seen as much movement as expected. The index measure the relative degree of mobility between brokerages, using a base measurement of mobility in January 2016, and shows that the level has been steadily decreasing since it peaked in the summer of 2021.
The graph from the index shows that the peak that was experienced in the summer of 2021 was followed by a general downward trend. This suggests that agents have become more settled in their current positions and that the post-pandemic period may be more stable than initially anticipated in regards to agent movement. It also could point to an increase in hiring for new agents, and suggests that brokerages could be more cautious when it comes to personnel changes.
Key Points:
• Agent mobility between brokerages is not as high as predicted post-pandemic
• The Agent Movement Index is based on the level of mobility in January 2016
• The graph from the index shows a downward trend after the summer 2021 peak
• This suggests that brokerages are more stable and cautious with personnel
You can read this full article at: https://www.housingwire.com/articles/new-low-in-real-estate-agent-movement-relitix/(subscription required)
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