Whenever you are in search of something, you want to go where there is availability and production. In real estate, you want to look for homes being built; the economy is doing good and obviously, the opportunity to make a lot of money.
If you read my article on the top cities for real estate agents, you might hove noticed a trend that the cities being represented were in the Western and Midwestern portion of the United States. This article focuses on the top ten worst cities for real estate agents. These cities are spread out to different regions but the majorities are in the south. This list starts off with number 10 and works its way down to the worst city in the country for real estate agents.
Check out the top worst cities for real estate agents
Worst Cities For Real Estate
# 10. Dayton, Ohio: The one good area for Dayton is that the turnover rate of 4.7% is around the national average. The bad news is that there was no home price increase from 2013 to 2014 and agents made $10,000 a year below the national average.
Median salary is $35,590
#9. Spartanburg, South Carolina: A positive note, the turnover rate is 4.5%. However, just like Dayton, there was no price increase and agents face stiff competition amongst each other. Agents only sell half the average amount per year.
Median salary is $41,900
#8. Springfield, Missouri: Surprisingly, agents in Springfield make around the national average for salary despite an unprecedented 15% decrease in home prices from 2013-2014. You rarely see double digit decreases. Their turnover rate is unavailable.
Median salary is $50,380
#7. Tallahassee, Florida: The capital of the Sunshine State saw home prices drop 4% in 2013-2014. Its turnover rate circles around the 4% range. Agents in Tallahassee deal with above average stiff competition as well.
Median salary is $39,340
#6. New Orleans, Louisiana: Amongst the cities that were surveyed for top ten best and worst, New Orleans has the lowest turnover rate at 2.3%. It also has a low increase in home prices at 1%.
Median salary is $49,220
#5. Binghampton, New York: There was a 4% drop in home prices and a minimal 2.9% turnover rate in this small college town. There is stiff competition amongst agents as well.
Median salary is $51,290
#4. Pensacola, Florida: Pensacola has an average turnover rate of 5.2% and also saw an increase in home prices around the 5% area as well.
Median salary is $30, 640
#3. Charleston, South Carolina: The oldest city in South Carolina saw its home prices drop 9% in 2013-2014. The turnover rate is 5.4%.
Median salary is $35,430
#2. Columbia, South Carolina: The capital of South Carolina and home to The University of South Carolina, my alma mater, saw a very low turnover rate at 2.8%. It only had a 1% increase in home prices also. And to top it off, the agents are some of the lowest paid agents of the cities surveyed.
Median salary is $34,930
#1. Fayetteville, North Carolina: Fayetteville has a lower than average turnover rate, at 3.4% with a 5% decrease in home prices.
Median salary is $36,700