N
evada is experiencing a surge in real estate agent growth, outpacing all other states in the US, according to a new study from Flatworld Mortgage Solutions. Between 2022 and 2023, Nevada added approximately 1,140 agents, followed by Tennessee with 850 and Missouri with 770. Conversely, California lost the most agents, with 8,160 departing, while North Carolina, Texas, and Florida also saw significant declines.

    The study used data from the US Bureau of Labor Statistics to reach its conclusions. Las Vegas Realtors President Merri Perry attributes Nevada's ranking to the state's growth in population and commercial investment. "This reinforces our state's reputation for being a strong real estate market with a growing economy," she said.

    According to Las Vegas Realtors, Southern Nevada had 16,967 licensed members in 2022, but this number dropped to 15,920 by the end of last year. However, Flatworld Mortgage Solutions executive vice president Rajeev Kumar suggests that Nevada's thriving economy, rapid population growth, and strong demand for housing may be driving the real estate industry locally.

    Nationally, interest in the real estate profession has declined since 2022, with numbers not seen since 2016. In Southern Nevada, the median sale price for a single-family home is near record highs, at $479,900, while supply continues to outpace demand, leading to longer market times and decreased sales. Last year's housing market in Las Vegas was its worst since the Great Recession in 2008.