Yesterday’s real-estate agent is now a broker. And yesterday’s broker is now a managing broker. And the managing brokers have left the market. That came out of a conversation I had with Thor Holm, broker at John L. Scott of Port Orchard today.
All that upward movement is because there are so fewer professional sellers out there today. According to the Kitsap County Association of Realtors, there were 1,060 professional sellers at the height of the market. Only 601 are left.