Key
observations
from
October

•
Continued
decline
in
agent
movement:  

The
seasonally
adjusted
AMI
metric
for
October
dropped
to
86.2, marking
another
decrease
in
agent
mobility
and
continuing
the downward
trend
observed
in
recent
months. 

•
Factors
influencing
decline 

The
Presidential
election
and
the
implementation
of
the

National Association
of
Realtors
(NAR)
settlement
appear
to
have
significantly impacted
agents’
propensity
to
move
between
brokerages. 

•
Slight
upward
adjustment: 

September’s
seasonally
adjusted
metric
was
revised
slightly
upward, but
this
adjustment
did
not
reverse
the
overall
declining
trend
in
agent movement. 

•
Potential
for
future
recovery:  

With
the
election
concluded
and
as
the
industry
adapts
to
the
NAR settlement,
there
is
cautious
optimism
that
this
decline
may
reverse
in the
coming
months. 

Rob
Keefe
commented
on
these
developments: “October’s
data
underscores
the
significant
impact
of
recent
events 
on
our
industry.
The
combination
of
political
uncertainty
and
major 
regulatory
changes
has
clearly
influenced

agents’
decisions
to
stay put.
However,
as
these
factors
stabilize,
we
anticipate
a
potential rebound
in
agent
mobility.

Brokerages
should
remain
vigilant
and prepared
for
a
possible
uptick
in
movement
as
the

market
adjusts
to the
new
normal.” 

This
month’s
findings
continue
the
trend
observed
in
recent
AMI
releases.
The
September
2024
report
had
already
indicated
a
sharp
decline
in
agent
mobility,
with
the
seasonally
adjusted
figure
hitting
an
8-year
low
for
that month.
The
October
data
confirms
that
this
downward
trajectory
is
persisting,
albeit
with
a
slight
moderation
as indicated
by
the
upward
revision
of
September’s
figures. 

The
October
AMI
recorded
a
trailing
12-month
score
of
96.0,
a
monthly
score
of
89.6,
and
a
seasonally
adjusted figure
of
86.2,
all
reflecting
the
ongoing
decrease
in
agent
movement.
These
metrics
serve
as
crucial
indicators
for brokerage
firms
and

real
estate
professionals
navigating
the
current
market
conditions.

Rob
Keefe
is
the
founder
of
Relitix.

This
column
does
not
necessarily
reflect
the
opinion
of
HousingWire’s
editorial
department
and
its
owners.

To
contact
the
editor
responsible
for
this
piece:



[email protected].

Related