3 Factors that Can Slow Down Buyer’s Agent Applications
A buyer’s agent is a valuable yet tricky role to hire for your team. There are a limited number of licensed agents who are willing to apply. Plus varying market conditions can impact the number of applications you receive. To learn more about these conditions, we analyzed our data on 9,495 buyer’s agent job ads across the country. From this information, we’ve identified three variables to evaluate when hiring a buyer’s agent.Factor #1: Seasons affect the number of applications.
The number of possible applications you receive throughout the year isn’t constant—it can slow down or speed up from month to month. You can see the buyer’s agent application fluctuations in our data below. Here is a graph of the average number of buyer’s agent applications received per WizeHire customer every month.
Factor #2: Seasonal rates vary by region.
When we first started analyzing buyer’s agent applications at WizeHire, we guessed that the national averages would be reflective of most regions’ numbers. After a few years of collecting this data, we now see that seasonal rates can deviate significantly by region. Philadelphia’s market, for example, follows the national trend of winter being the most active buyer’s agent applicant season. However, it deviates from the national trends with June, a summer month, being one of its lowest months at 15 applicants.

