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    Knowledge is power in real estate, and statistics are the fuel that drives the market. By understanding the latest numbers, you'll exude confidence when speaking with potential clients, making them feel confident in hiring you to represent them.

    We've gathered crucial and relevant stats from reputable sources like Altos Research, the National Association of Realtors, Zillow, and the Census Bureau. These statistics will give you a general overview of the national US real estate market and help you understand client behavior and perceptions.

    **General Statistics**

    * The median list price of homes in the US is $435,000.

    * The average days homes stay on the market is 117 days; the median days on market is 77 days.

    * There's an inventory of 642,359 properties.

    * Price per square foot has increased to $216.

    **Buyer Statistics**

    * Gen Xers (24%) and Older Gen Y/Millennials (21%) are the largest number of homebuyers.

    * First-time buyers account for 32% of all buyers, with 75% being aged 25-33.

    * The primary reason for buying a home is to own one (26%), followed by being closer to family/friends/relatives (12%).

    **Seller Statistics**

    * Younger Boomers (26%) and Gen Xers (23%) are the largest number of homesellers.

    * Repeat sellers account for 70% of all sellers, with 30% being first-time sellers.

    **Rental Market Statistics**

    * The national median rent price is $1,375.

    * Rental vacancy rates have decreased to 6.9%.

    * Rent prices are up 0.3% month-over-month but down 0.4% year-over-year.

    **Commercial Real Estate Statistics**

    * Office sector move-outs declined 3.5 times in 2024 compared to 2023, with a vacancy rate of -17.9 million square feet.

    * Multifamily sector rental growth is up 1%, with an 8% vacancy rate.

    **Real Estate Agent Statistics**

    * 88% of homebuyers used a real estate agent as their information source in a home search.

    * The top benefits agents provided to homebuyers were helping understand the process (61%), pointing out unnoticed features/faults with property (58%), and negotiating better sales contract terms (46%).

    These statistics will give you a powerful advantage over other agents. Incorporate them into your conversations, share them with clients, and use them to build confidence in yourself and your abilities.