CRS Data (Courthouse Retrieval System)

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

Crunching the Numbers: What Q1 2024 Can Tell Us About the Months to Come
The first three months of 2024 have come and gone, marked by increasing numbers across North American markets — and a surge in optimism to match. Let's have a look at the numbers: Numbers on the rise When comparing the beginning of 2024 with 2023, we're seeing more increases than decreases — in fact, across nearly all categories, there's been growth. We've seen a subtle increase in listings under contract — as subtle as 0.5% — alongside a 7.5% increase in inventory, and an 8.1% increase in new listings. Less subtle is the 32.2% increase in off market listings, a category in which we've seen continued growth over the course of the market's most recent years. Our only reduction when comparing this quarter to last year's is in listings sold, which saw a decrease of 4.2%. What this tells us about the rest of 2024 As mentioned, this is hardly the first time we've seen an increase in off-market listings in recent years — in fact, we often find it to have the most substantial increase across all categories. While there are many reasons that sellers and buyers are pursuing off-market options, it's as important to understand as it is to take action. To view the original article, visit the Lone Wolf

How RPR Commercial Provides Value for REALTORS
There's a lot of talk right now about "value" as it pertains to the business of real estate. As in, what value do REALTORS® bring to the table? For REALTORS® navigating the complex landscape of commercial and land transactions, having a centralized database that seamlessly integrates all these aspects is invaluable. Enter RPR, your Realtors Property Resource. RPR is a game-changing platform that combines ease of use with unparalleled access to a wealth of data, and all at no extra cost to users, because it's included in your National Association of REALTOR® member dues. RPR: Your go-to, commercial real estate hub One of the standout features of RPR is its inclusivity, offering a single destination for REALTORS® to access commercial and land data all in one place across the U.S. Gone are the days of toggling between multiple platforms or databases to gather information relevant to a transaction. With RPR, REALTORS® have access to a streamlined application that pulls in a collection of heavy-hitting partners, to improve and maximize the user experience to its fullest. In this article, we'll examine three key, value-packed features of RPR Commercial that can help commercial practitioners. Because providing them with access to accurate and comprehensive data, can make all the difference between success and missed opportunities. We'll look at RPR Commercial as a whole, but put a spotlight on Site Selection, Trade Area data and the comprehensive list of RPR's commercial data partners. RPR Commercial Site Selection You can really set yourself apart from other commercial agents by utilizing the analytic tools that RPR Commercial provides. When you're able to sit down and show clients how much spending potential is in one particular area over another, or calculate ROI based on discretionary income and key demographic indicators, you're bringing much more than a "hunch" to the table. You're bringing data and analytical insight into the equation and it will impress your clients to no end. RPR's Commercial Site Selection tool is the perfect option when the question is, "Where are the right people for a business?" This RPR feature gives commercial real estate practitioners an edge when it comes to finding ideal areas for professional or retail business sites. Here's a summary of what it can do for you: Select specific attributes from broad data categories such as economic, demographic, spending, tapestry and more. With these attributes selected, a user can search a large geography such as a county, and identify where these conditions exist in smaller geographies such as ZIP codes or neighborhoods. This drilling down allows a user to search for properties only in these geographies with their desired attributes, ensuring that the core drivers of a client's business are in the area, which is a time saver from looking through properties that aren't. Seeing these steps unfolded visually is highly recommended. Just watch this step-by-step video walkthrough. It will take what might seem like a complicated process and break it down and simplify it for you. Trade Area data and reports You've surely heard the saying: "location, location, location." Well, it certainly applies to commercial real estate when finding a location that will support a client's business. Learn where customers are, and gain insight into their mindsets with RPR's Trade Area details and consumer segmentation data from RPR (via Esri). Create customized, easy-to-understand reports that offer deep insights into the people, their lifestyles and behaviors in neighborhoods across the country. A Trade Area Report from RPR goes beyond area demographics — it goes into the psychographics (how consumers think), which is even more crucial to determining a given area's spending potential. RPR's Trade Area data provides users with the community details that help set a property apart when marketing to potential buyers and tenants, or to ensure that an owner occupier or investor is choosing an area with a community that will support their business or investment. Watch this video on RPR Trade Areas for a step-by-step run through the process: Commercial listing and data partners that add tons of value RPR's strength is further amplified through partnerships with Commercial Information Exchanges (CIEs), and National Commercial Listing feeds, including: Brevitas Crexi Catylist/Moody's Land Broker Coop TotalCommercial.com OfficeSpace.com As well as a handful of critical data partners that add uber-efficient access to demographic, tenant, traffic counts, POI (Points of Interest) data and commercial comps. CompStak (for access to commercial property comparables) Esri Precisely SMR Research These partnerships expand the reach of RPR's database, ensuring that REALTORS® have access to the most up-to-date and comprehensive data available in the market. Whether searching for commercial listings, researching properties or land parcels, REALTORS® can trust that RPR provides the most accurate and reliable information available thanks to the commitment and collaboration with valued partners. RPR: a high value, no-cost way to make informed decisions Ease of use is another key benefit of RPR Commercial. The platform is designed with REALTORS® in mind, offering intuitive tools and user-friendly interfaces that make navigating complex data sets a breeze. Whether researching property values, analyzing market trends, or generating reports for clients, REALTORS® can rely on RPR's easy-to-use tech to get the job done efficiently and effectively. But perhaps the most compelling aspect of RPR is its cost — or rather, lack thereof. Unlike other data platforms that come with hefty subscription fees or usage charges, RPR is available to commercial users at no additional cost. This means that REALTORS® can access a wealth of valuable data without worrying about breaking the bank. In an industry where time is money and data is king, RPR is the ultimate tool for commercial specialists who are looking to unlock their full potential. To view the original article, visit the RPR