Real Estate Brokerage Market Expected to Exceed US$ 1,365.7 Billion by 2033, Riding on Urbanization

The size of the global real estate brokerage market is predicted to grow at a compound annual growth rate (CAGR) of 5.6% over the following ten years, from US$ 792 billion in 2023 to US$ 1,365.7 billion by the end of 2033.

A National Association of Realtors (NAR) study indicates that around 90% of purchasers and sellers in the US use an agent or broker during the real estate transaction.