Real Estate News & Market Insights:
Key observations from May
โข Post-peak season decline: Rather than plateauing after Marchย and April, agent mobility appears to be falling further. The Mayย index suggests that the traditional spring momentum is not justย delayed โ it has likely already passed, and at levels far belowย normal.ย
โข Continued weakness in raw mobility: The raw (non adjusted) monthly AMI (Agent Movement Index) also declined from April, reinforcingย the trend of declining movement despite the historically activeย recruiting season. This shift comes as a growing number ofย brokerages report softer pipelines and longer decision cyclesย from experienced agents.ย
โข Active agent count holds steady: The number of activeย agents โ those with a closing in the past 12 months โ remained relatively stable, suggesting that while agents are staying put,ย they havenโt exited the industry at scale in recent months.ย
โWeโve exited the peak recruiting window, and this year it arrived softer and ended faster thanย weโve seen in years,โ said Rob Keefe, Founder of Relitix. โWhat stands out is not just the low levelย of switching activity, but how sharply itโs dropped from last year. Brokerages should interpret thisย as a structural slowdown in recruiting momentum, particularly heading into the summer months.ย Retention and internal engagement need to be front and center.โย
These observations build directly upon Relitixโs reports from recent months, which have consistently highlighted a pattern of restrained agent mobility, marked particularly by weak seasonal rebounds in traditionally active recruiting periods such as March and February.ย
Strategic insights for brokerage leaders and recruitersย
โข Prepare for a quiet summer: Agent movement typically slows in the summer, but this yearโsย decline suggests that activity may be even quieter than usual. Recruiting teams should recalibrateย expectations for near-term gains.ย
โข Double down on retention: With fewer agents on the move, brokerage value propositions โ coaching, culture, lead generation, and support โ will be critical not just for attracting new agentsย but retaining current ones.ย
โข Watch for delayed movement: If movement is being delayed rather than foregone entirely, lateย summer or early fall may bring renewed opportunity. Monitoring for shifts in the trend will beย essential in planning outreach efforts.ย
These findings build on Aprilโs release, which already showed a lower-than-expected spring surge.ย The May numbers confirm that the traditional recruiting season peaked earlyโand at a significantlyย reduced level compared to yearโs past.ย


Rob Keefe is the president Relitix.
This column does not necessarily reflect the opinion of HousingWireโs editorial department and its owners.
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