Relitix's Agent Movement Index Reports Subtle Shifts in Real Estate Agent Dynamics through March 2024

The latest findings from Relitix's Agent Movement Index™ (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions.

Key highlights from this month's AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant market ahead. Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward.

The broader impact of the National Association of Realtors (NAR) settlement is still unfolding. Agents are yet to fully adjust to these changes, with upcoming months likely to clarify whether agents will prefer stability or seek new opportunities amidst shifting industry dynamics.

Rob Keefe, Founder of Relitix, commented on the findings, stating, "This month's data suggests that while the agent market has faced considerable flux, there's now signs of emerging stability. We're closely monitoring how these changes affect agent decisions, especially in light of recent industry-wide shifts."

The AMI, a robust measure of agent movement dynamics, is calculated from extensive national data drawn from major MLS systems and is released monthly. It includes both raw monthly figures and seasonally adjusted data to provide a clear view of underlying trends.

March's report saw the AMI reaching a score of 114.6, with the seasonally adjusted figure slightly lower at 122.3, reflecting ongoing adjustments in the market. These metrics serve as critical indicators for brokerage firms and real estate professionals looking to navigate the ever-evolving real estate landscape.

Trends in the relative movement of experienced real estate 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. To capture these trends and report them to the industry Relitix is proud to introduce its Agent Movement Index™. The AMI 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's most prominent MLS systems.