A new study from WalletHub has ranked Boston as one of 2016’s best cities for real estate agents, with Beantown ranking No. 10 of 150 metro areas.
WalletHub’s study considered a number of factors, including: sales per agent; annual median wage for agents; unemployment rate; home turnover rate; days on market; and building permit activity. Then, it combined those factors into two metrics – “Job Opportunity & Competition” and “Real Estate Market Heat” – and ranked metro areas in each category, with the areas’ ultimate placing coming from a weighting of those rankings; for the jobs metric, Boston came in at No. 6, while for the market heat metric, it placed at No. 42.
Here is the full top 10 ranking:
| City | Total Score | “Job Opportunity & Competition” Rank | “Real Estate Market Heat” Rank |
|---|---|---|---|
| Denver | 57.7 | 3 | 6 |
| Irvine | 55.38 | 4 | 7 |
| Seattle | 54.24 | 39 | 3 |
| Austin | 53.8 | 43 | 2 |
| Aurora, CO | 52.56 | 14 | 14 |
| Portland | 52.49 | 21 | 8 |
| Indianapolis | 52.42 | 1 | 150 |
| San Francisco | 51.68 | 8 | 25 |
| Colorado Springs | 50.83 | 10 | 30 |
| Boston | 49.82 | 6 | 42 |