Average U.S. Real Estate Commission Rates into 2023
September 16, 2022
Thinking of selling your home? Then you’re probably interested in real estate commissions. How much are they and what do you get in return? Will you be able to sell your home for more? Do you need the real estate agent’s advice and representation? Real Estate Commission Changes from the 90s to Today There are a lot of different ways to look at real estate commissions. One would be the overall decade trends from an average hovering around 6% in the 90’s to 5% in the 2000’s and 2010’s, and now just starting to dip below 5% in 2020 and after. Note that a 1% drop from 6% is roughly a 17% decrease. But in the meanwhile, home prices have...