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Las Vegas Homes Blog

Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates.

Saturday, August 13, 2005

Las Vegas Real Estate Market Ain't For Rookies

Las Vegas home sales are through the roof. Housing sales have soared for the third consecutive year. However Las Vegas analysts and market watchers are saying that new real estate agents are having a rough time adjusting to the fast paced market.

There are over 1 million members currently associated with NAR and over 25% of those members have been with the group for more than four years. According to the latest NAR Member Profile new members of less than two years are having a hard time making minimum wage.

The report shows that rookies in the local real estate market have a median income of $12,850 while their veteran counterparts who have been in the industry 6 or more years have earned a median of almost $60,000.

 

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