Real estate agents vanish en masse as market slows — even in once red-hot Miami

Source: New York Post — 

Real estate brokers are heading for the door in droves as the nation’s housing market cools — even in the usually scorching market of Miami.

The number of “active” agents in the Florida city plunged by 36% in the fourth quarter of last year compared to the same span in 2021, according to a new study.

Citing statistics from Agent Story, the Real Deal reported that there were 4,529 active Miami brokers in the fourth quarter — down 2,580 from the comparable period just one year ago.

Agent Story, which tracks broker activity, defines “active” agents as those currently listing and/or selling properties.