According to the Wall Street Journal:
The red-hot housing market has achieved a number of milestones this past year. Perhaps the most telling is this: There are more real-estate agents than homes for sale in the U.S.
This phenomenon reflects both the extremely tight supply of homes on the market and how surging prices are persuading tens of thousands more Americans to try their hands at selling real estate.
There’s more at the link.
I guess that explains why we keep getting real estate agents’ advertisements dropping into our mailbox, asking us to contact them if we’d like to sell, and making glowing promises about how much they can get us for our home. We’re not selling, so it doesn’t concern us, but it’s frustrating to have to discard yet more junk mail. (Why can’t we make junk mail a criminal offense?)
I wonder what all those agents are going to do when, as it inevitably must, the property market tanks? The signs of that are already out there.