GITNUX MARKETDATA REPORT 2024

Real Estate Industry Statistics [Fresh Research]

With sources from: nar.realtor, ftserussell.com, preqin.com, businesswire.com and many more

In this post, we will explore a comprehensive set of statistics that offer insights into the dynamics of the real estate industry. From the global market size to specific figures in the United States, these data points shed light on key trends and developments shaping the real estate landscape. Let’s dive into the numbers and gain a deeper understanding of this ever-evolving sector.

Statistic 1

"The global real estate market size was valued at $7.2 trillion in 2020."

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Statistic 2

"In 2021, the United States had around 2.15 million active real estate licensees."

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Statistic 3

"Residential real estate sales in the U.S. totaled approximately $2.52 trillion in 2020."

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Statistic 4

"In Q1 2021, house prices in the U.S. grew by 16.2% year over year."

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Statistic 5

"In 2020, there were approximately 5.64 million existing homes and 822,000 newly constructed home sales in the United States."

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Statistic 6

"The global PropTech market is projected to reach $49.37 billion by 2028, growing at a CAGR of 19.1% from 2021 to 2028."

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Statistic 7

"Office space rental rates in the United States declined by an average of 5% in 2020."

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Statistic 8

"Global hotel transaction volume dropped by approximately 50% in 2020 due to the COVID-19 pandemic."

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Statistic 9

"Real estate crowdfunding investment worldwide reached $15.2 billion in 2020."

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Statistic 10

"There were over 7 million real estate and rental and leasing establishments in the world in 2020."

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Statistic 11

"The global vacation rental market is projected to reach $113.9 billion by 2027."

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Statistic 12

"In 2019, millennials represented the largest share of homebuyers in the U.S., at 37%."

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Statistic 13

"Real estate investment trust (REIT) returns worldwide totaled 7.67% in 2020."

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Statistic 14

"The global real estate debt market was valued at approximately $4.1 trillion in 2020."

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Interpretation

The real estate industry has demonstrated significant resilience and dynamics in recent years, as evidenced by various key statistics. The substantial market size, increasing number of active licensees, robust residential sales, and notable house price growth in the U.S. reflect the sector's vitality. However, challenges such as declining office space rental rates and decreased global hotel transaction volume due to the pandemic highlight the industry's vulnerability to external factors. The emergence of innovative technologies like PropTech and the substantial growth of real estate crowdfunding investments signify evolving trends shaping the sector. With projections indicating continued expansion in various real estate segments, stakeholders need to adapt to changing market conditions and leverage opportunities for growth and sustainability.

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