{"id":439789,"date":"2024-01-16T14:19:30","date_gmt":"2024-01-16T19:19:30","guid":{"rendered":"https:\/\/www.housingwire.com\/?p=439789"},"modified":"2024-01-16T14:19:34","modified_gmt":"2024-01-16T19:19:34","slug":"2024-will-see-increased-real-estate-agent-mobility-relitix","status":"publish","type":"post","link":"https:\/\/www.housingwire.com\/articles\/2024-will-see-increased-real-estate-agent-mobility-relitix\/","title":{"rendered":"2024 will see increased real estate agent mobility: Relitix"},"content":{"rendered":"\n

After a multi-year decline in agent movement between brokerages<\/a>, Relitix<\/strong>\u2019s Agent Movement Index<\/a> shows a clear bottoming out in early fall of 2023 and increased real estate agent<\/a> mobility as we move into 2024.<\/p>\n\n\n\n

\"ami_jan24_ttm\"<\/figure>\n\n\n\n

\u201cWe can definitely call a bottom to the decline in agent movement,\u201d said Rob Keefe, Relitix founder and president. \u00a0\u201cAgents will begin moving more between brokerages in 2024 as the market begins to normalize. However, the drop in active agent count from a peak in late 2022 will mean that the total number of experienced agent recruits will remain lower than what we were seeing in recent years.\u201d<\/p>\n\n\n\n

The monthly AMI value finished at 70.4 for December with a seasonally adjusted value of 92.2. The November values were revised upward to 81.2 and 91.6 respectively.<\/p>\n\n\n\n

\"ami_jan24_monthly\"<\/figure>\n\n\n\n
\"ami_jan24_sa\"<\/figure>\n\n\n\n

Trends in the relative movement of experienced real estate<\/a> agents between brokerages are an important strategic consideration for brokerage and franchise leaders. The relative amount of movement fluctuates over time on a seasonal and long-term basis.<\/p>\n\n\n\n

Methodology:<\/em><\/strong>  The Agent Movement Index is published monthly and features monthly and seasonally adjusted, and 12-trailing-month values. The index is calculated using national-level data from a large sample of the nation\u2019s most prominent MLS systems.<\/em> The agent movement reflects the relative mobility of experienced agents between brokerages. The score is computed by estimating the number of agents who changed brokerages in a given month. To be counted the agent must be a member of one of the analyzed MLS\u2019s and change to a substantially different office name at a different address. M&A-driven activity and reflags are excluded as are new agents and agents who leave real estate. Efforts are made to exclude out of market agents and those which are MLS system artifacts. The number of agents changing offices is divided by the number of agents active in the past 12 months in the analyzed market areas. This percentage is normalized to reflect a value of 100 at the level of movement in January 2016 (0.7313%). The seasonally adjusted value divides the monthly result by the average of the same month in prior years.<\/em><\/p>\n\n\n\n

Analyzed MLS’<\/a>s represent over 800,000 members and include: ACTRIS, ARMLS, BAREIS, BeachesMLS, BrightMLS<\/a>, Canopy, Charleston Trident, CRMLS, GAMLS, GlobalMLS, HAR, LVAR, Metrolist, MLSListings, MLSNow, MLSPIN, MRED, Northstar, NTREIS, NWMLS, OneKey, RealComp, REColorado, SEF, Stellar, Triad, Triangle, and UtahRealEstate.<\/em><\/p>\n\n\n\n

Rob Keefe is founder of Relitix<\/a> Data Science.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After a multi-year decline in agent movement between brokerages, Relitix\u2019s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024.<\/p>\n","protected":false},"author":661,"featured_media":420709,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42023,1681],"tags":[42135],"coauthors":[268256],"acf":[],"yoast_head":"\n2024 will see increased real estate agent mobility: Relitix - HousingWire<\/title>\n<meta name=\"description\" content=\"Relitix\u2019s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased agent mobility as we move into 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.housingwire.com\/articles\/2024-will-see-increased-real-estate-agent-mobility-relitix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 will see increased real estate agent mobility: Relitix - 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On Thursday, Robert Friedman voluntarily dismissed without prejudice the lawsuit he filed in late December in U.S. District Court in New York against the Real Estate Board of New York and several brokerages, according to court filings. 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As buyers face a more competitive market, this shift once again requires real estate agents to redo their strategies and comes with a hefty dose of managing client expectations.","rel":"","context":"In "Agent"","block_context":{"text":"Agent","link":"https:\/\/www.housingwire.com\/category\/agent\/"},"img":{"alt_text":"agent-at-computer","src":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/agent-at-computer.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/agent-at-computer.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/agent-at-computer.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/agent-at-computer.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":438919,"url":"https:\/\/www.housingwire.com\/articles\/second-copycat-commission-lawsuit-filed-against-rebny\/","url_meta":{"origin":439789,"position":4},"title":"Second copycat commission lawsuit filed against REBNY","author":"Brooklee Han","date":"January 11, 2024","format":false,"excerpt":"REBNY, as well as several national and New York-based brokerages, are facing a second copycat commission lawsuit.","rel":"","context":"In "Legal"","block_context":{"text":"Legal","link":"https:\/\/www.housingwire.com\/category\/politics-money\/legal\/"},"img":{"alt_text":"New-York-e1693986968292","src":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/New-York-e1693986968292.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/New-York-e1693986968292.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/New-York-e1693986968292.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2023\/12\/New-York-e1693986968292.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":422995,"url":"https:\/\/www.housingwire.com\/articles\/q1-2024-brokerpulse-leaders-predict-flat-home-prices-lower-interest-rates\/","url_meta":{"origin":439789,"position":5},"title":"Q1 2024 BrokerPulse: Leaders predict flat home prices, lower interest rates","author":"Tracey Velt","date":"January 4, 2024","format":false,"excerpt":"Respondents to the Q1 2024 BrokerPulse are more optimistic about housing sales in the new year than they were last year.","rel":"","context":"In "BrokerPulse"","block_context":{"text":"BrokerPulse","link":"https:\/\/www.housingwire.com\/category\/brokerpulse\/"},"img":{"alt_text":"1200x675_Broker_Pulse_Q1","src":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2024\/01\/1200x675_Broker_Pulse_Q1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2024\/01\/1200x675_Broker_Pulse_Q1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2024\/01\/1200x675_Broker_Pulse_Q1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.housingwire.com\/wp-content\/uploads\/2024\/01\/1200x675_Broker_Pulse_Q1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/posts\/439789"}],"collection":[{"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/comments?post=439789"}],"version-history":[{"count":6,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/posts\/439789\/revisions"}],"predecessor-version":[{"id":439798,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/posts\/439789\/revisions\/439798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/media\/420709"}],"wp:attachment":[{"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/media?parent=439789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/categories?post=439789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/tags?post=439789"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.housingwire.com\/wp-json\/wp\/v2\/coauthors?post=439789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}