How commissions have changed from 1999 to 2024
The 2022-2024 uptick occurred before the NAR settlement in late 2024. Early agent reports suggest slight downward pressure on rates since the settlement eliminated MLS commission advertising. The full impact remains unclear as the market adjusts to new practices.
The pre-settlement rebound (2.50% to 2.70%) shows agents regained pricing power after historic lows. However, the late 2024 NAR settlement requiring separate buyer agent negotiations may create new downward pressure not yet visible in this data.