RealEstateEconomyWatch.com Insight and Intelligence on Residential Real Estate
The median age of Realtors now is the same as the median age of members of the current US House of Representatives, according to the latest member profile from the National Association of Realtors.
Since 2007 the median age of Realtors has increased steadily, reaching 57 this year, the oldest on record. The 111th Congress, which took office in 2009, is the oldest in the nation’s history, with an average age of 57 in the House and 63 in the Senate.
Forty-one percent of Realtors are more than 60 years old, while only 2 percent are under 30 years old. The incremental increase in age may be attributed to professionals staying in real estate longer and putting off retirement, NAR said.
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