A Denial of Market Conditions and Time For Change
Thinking of changing your brokerage environment to one that is a positive, productivity environment? Looking for a fresh start?
Now is the time to run with an elite tribe of professional agents earning $100,000+ per year and who will hold each other accountable to pushing forward regardless of market conditions.
When the market changes, it may be a time for you to make a change too. Agents are making change, which is why Momentum Realty has seen a 25% increase in agent headcount since the beginning of the year.
Let’s take a look at the market changes.
Here’s a quick update for single family homes in the Northeast Florida Association of Realtors as of June 2024:
Closed sales are down 14.7% YoY
Pending sales are down 32.6% YoY
Month’s supply of inventory is up 122.6% YoY
Active inventory is up 17.6% just month over month from May 2024 to June 2024
Affordability is still getting worse to a record low of 63 on the affordability index
Days on market is moving up each month this year
Another look at NEFAR MLS data:
Approximately 35% of properties are having a price improvement each week
Approximately 25% of properties are going back on market from falling through
In contrast to many brokerages slowly and quietly raising their fees while reducing their services, Momentum Realty is going the opposite direction — going all-in on providing income options to its agents and ensuring that their costs don’t increase.
Here’s some recent changes & additional benefits:
No Monthly Fees. Agents are not charged monthly, annual, or desk fees at Momentum Realty.
Marketing Assistance. New marketing assistant to help with any marketing materials you may need.
Online Lead Program. An in-house lead program with Boomtown at a significantly discounted cost + an IDX website.
FSBO/Expired Data. Complimentary FSBO and Expired Data provided to you 3x per week.
Title Partnership In The Works. Momentum is working to create an exclusive title partnership with Top Performing agents at Momentum Realty, so you can create yet another stream of income.
20% Revenue Share Opportunity for Recruiting. Agents who bring in other agents are eligible for up to 20% revenue share from the agent they recruit.
Property Management Referrals. New property management division to help your sellers who may be underwater in their with properties. For every referral you provide that leads to a rental property, you receive a $250 referral fee.
Cash Offers Solution. Momentum has an in-house cash offer solution program for your sellers called Momentum Offers.
This is just the beginning.
We also have 8 week in-person courses, bi-monthly meet-ups, local events and social gatherings. It’s no accident that Momentum Realty is now the #1 Independent Brokerage Office in Northeast Florida and just won a Top 500 Brokerage by RealTrends by Volume.
We are extremely proud of our tribe and what they’ve accomplished in just the last 5 years.
The owners of Momentum Realty also know what it’s like to be in a changed market, and are leading its agents from the front.
We know what to do, how to do it, and why to do it, and are working to make sure our agents are growing profitably, sustainably, and with maintaining the lifestyle they desire.
To learn more, visit movewithmomentum.com.
