Buyer’s agent commissions drop to 2.63%

Redfin reports that the average buyer agent commission rate dropped to 2.63 percent in November 2021, down from 2.69 percent in 2020 and 2.75 percent in 2017. In a strong sellers’ market, as has existed over the last couple of years, it makes sense for buyers’ agent commissions to drop as homes are easier to sell with many more buyers than available homes. However, as the industry begins making buyer agent commission information more widely available, this could mark a trend that holds even when the market shifts.