2013 Real Estate Commissions On Par with Pre-Bubble Years

It’s been a year and a half since we looked at how real estate commissions are faring—well past time for an update.

For these charts I have estimated the total commissions for 2013 based on the sales volume and prices for the first half of the year. The final numbers will no doubt be slightly different than this.

First up, raw commissions:

Total RE Commissions on King Co. SFH

Without adjusting for inflation or population growth, total real estate commissions in King County are on track to have their fifth-best year ever in 2013, increasing 17% from last year.

Here’s what commissions look like when you adjust for inflation:

Total Inflation-Adjusted RE Commissions on King Co. SFH

Still quite strong, coming in as the sixth-best year overall (2003 slips ahead after the adjustment), with a 16% year-over-year increase.

Finally, here’s what commissions look like when you adjust for inflation and population:

Total Inflation+Population-Adjusted RE Commissions on King Co. SFH

Still a strong 14% increase over 2012, but the total drops down to a level on par with the pre-bubble years of 1999 through 2002. With these adjustments, 2013 is bested by every year from 1999 through 2007, with the exception of 2001.

Any way you slice it, 2013 is shaping up to be the best year for real estate agents since 2007, but still far short of the crazy days of the real estate bubble.

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.