NAR’s Quarterly Market Survey gathers information about the commercial transactions of REALTORS® and members of affiliate organizations (CCIM, SIOR, RLI, IREM, and the
Counselors of Real Estate) and the opportunities and challenges facing commercial practitioners. The 2019 Q2 survey was sent to approximately 64,953 commercial REALTORS® and members of affiliate organizations during July 1–9, 2019, of which 681 responded to the survey. Among sales agents who had a sale during 2019 Q2, the average sales transaction was $1.9 million, the average total transactions value was $5.3 million, and the average number of transactions 2.8 during the reference quarter. Forty-percent of respondents primarily conducted their business in the central business area or principal city of a metro, 38 percent in the suburban part of a metro area, and 18 percent outside a metro area. Two percent of respondents reported they wee not engaged in sales or appraisal.Read the full report HERE.