A career in real estate can be immensely rewarding and challenging, while providing ample opportunities to grow and succeed. While many REALTORS® start and end their careers in whichever city they currently reside, some would like to branch out a bit and test the real estate waters in other parts of the country.
Now that the real estate market is much healthier than it was several years ago, there are numerous cities across the United States that have recovered especially well and offer a great working environment for Realtors of all experience levels. With that in mind, check out four cities that are especially great for newbie Realtors who have just gotten into the industry, as well as more seasoned veterans of the real estate market.
a great place to start a career
Good Call lists the Houston metropolitan area as number seven on its Top 10 Places for Real Estate Agents list. The region, which includes The Woodlands and Sugar Land, offers a median salary of $56,390 and a housing affordability index of 24.34 percent. Homes remain on the market an average of 69 days and the sale-to-list price is an impressive 97.85 percent. ForRent confirms how booming the housing market in Houston is. In addition to homes for sale, the community offers plenty of apartments and condominiums. Young real estate agents who are starting their careers will find a lot of inventory, clients and great selling prices in the Houston area.
low competition ideal for new Realtors
Eugene, Oregon, is more than the home of the University of Oregon and its rabid group of Duck fans. It is also a perfect place for fledgling Realtors to test their wings — Duck or otherwise. Although the region has a relatively low turnover rate of homes, there is very little competition among Realtors and the average salary rate is an impressive $59,820 a year. Home prices increased around 10 percent last year, and the city provides a great quality of life for its residents.
beckons industry veterans
Rockford, Illinois, is a vibrant community with plenty of jobs in the health and aerospace industries. Even though there is a relatively low housing turnover rate and the home prices have dropped a bit, it is an ideal community for a seasoned Realtor who understands how these figures can still lead to some amazing sales. Realtors make $10,000-plus a year more than the national average, and agents sell an impressive 98 homes per year.
hot market with no signs of slowing down
According to the Reno/Sparks Association of Realtors, everything about the Reno real estate market is red hot. The average sales price is $310,000, which is a 5 percent increase and the inventory is up as well. Realtors who have been in the business for some time will enjoy working in a competitive marketplace that is also a haven for retirees. With Realtor’s incomes typically coming from commissions, higher home values in Reno mean bigger paychecks, and the competitive market is perfect for seasoned Realtors who are knowledgeable about working in an active area with eager buyers ready to pounce on properties.