T
he real estate market in Polk County has reached a balance, and it's likely that compensation for brokers and agents will remain steady in the short term. This is despite recent lawsuits and reforms that have dominated headlines.

    A year ago, major changes to the practice of real estate were implemented across the country, devaluing the role of buyer's agents and replacing commission rates with "compensation." However, these changes seem to be more a catalyst for reform than a cause for sweeping change. The primary beneficiaries of these lawsuits have been attorneys, not consumers or brokers.

    In Polk County, most brokers want to continue working with clients as they always have. Sweeping changes are unlikely to take hold quickly, but some adjustments are significant. Requirements for mandatory buyer agency agreements and showing agreements prior to touring a property are now in place, adding transparency and trust to the profession.

    Despite turbulence, real estate functions much like the ocean – people will always need to sell homes, and others will always want to buy. The tide of buying and selling never stops, but activity resumes when the waters calm and people feel safe to step back in.

    In Polk County, median home prices remain strong at around $400,000, and inventory has expanded with more listings and pending contracts than a year ago. History shows that downturns are rarely permanent, and over time, home prices have consistently trended upward.

    For brokers in Tryon, Columbus, and throughout Polk County, the message is one of patience and pride. We are a collaborative group who enjoy working together as a team, supporting each other and our clients. As the waters calm, our shared commitment to this community will remain steady.