Local Realtor count hit record in 2022, but expected to drop this year

This story first ran on BusinessDen.com, a BizWest news partner.

DENVER — The Denver Metro Association of Realtors hit a record number of members last year, but its rolls have declined in recent months and the organization expects the figure to drop further this year.

DMAR ended 2022 with 8,351 members, down from 9,038 in September, according to Amy Davies, the organization’s director of finance, operations and membership. 

DMAR CEO Nobu Hata said the organization is preparing for a downturn in membership.

Hata said inventory is a leading factor in membership numbers. Two years of historically low interest rates, which ended with a surge…