Agent glut

10,000 Realtors operating in Lee County

With the double digit real estate price appreciation that has been realized over the past couple of years in Lee County, many new agents are flocking to the industry. Currently over 10,000 agents are operating in Lee County, up from 6300 just six years ago.

One of the more amazing statistics is that there are now over two agents in Lee County for every one home listed in the multiple listing service. I expect the agent ranks to be thinned as the market cools and traditional marketing skills and a deep rolodex become important again.

Number of realty agents balloons [News-Press]