One indicator of the Boise real estate market’s health is the number of real estate agents in our market.
When times are good, as they were last year, everyone and their cat gets a real estate license and that is exactly what has happened in our market.
As of this morning, there are 5,673 agents in our local Intermountain MLS.
I didn’t make a note of the exact number, but I believe we peaked about a month ago at 5,733 members.
All members received their annual dues statement last week, and that will weed out more unproductive agents when they decide if they want to pay $365 to remain a member for another year.
One of my well-connected sources tells me the Ada County Association of Realtors® has budgeted for 40% fewer members in 2007.