5 Surprising Revelations on the State of Real Estate Marketing in 2024

Tablet displaying the 2024 State of Real Estate Marketing report on a white table with a gray background

In today’s dynamic real estate landscape, mastering the latest marketing strategies can be the difference between merely surviving and absolutely thriving. Luxury Presence’s 2024 State of Real Estate Marketing Report offers a wealth of insights that are reshaping the industry landscape.

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Let’s dive into the five most surprising revelations from this year’s report.

1. Business websites dethrone social media as the top marketing tool

List showing how marketing channels have fluctuated in importance in the last year from the 2024 State of Real estate marketing report

In a shocking turn of events, business websites have overtaken social media as the most important marketing tool for 2024. While social media dominated in 2023 with 30.3% of professionals ranking it most important, business websites have now taken the lead. A staggering 50.2% of respondents ranked them in the top two spots for business importance.

What this means for you:

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2. The untapped potential of video marketing

Despite being around for years, video marketing remains the most underrated real estate marketing strategy, with a net positive sentiment of more than 11%. This suggests that many professionals are only now beginning to unlock the full potential of video content.

How to capitalize on this trend:

3. The surprising comeback of email marketing

In an age dominated by social media and instant messaging, email marketing is making a surprising comeback. It ranks as the second most underrated marketing strategy with a net positive rating of 2.85%. This resurgence indicates that personalized, targeted email campaigns still hold significant value in nurturing leads and maintaining client relationships.

Graph showing the Net sentiment of different marketing methods in the 2024 State of Real estate marketing report

Tips for effective email marketing:

Nurture leads effortlessly with email templates

Our free e-book offers customizable resources and tips to keep your database engaged, move leads through the funnel, and close deals effectively.

A graph of a click-through rate going up next to a small inset photo of a real estate agent filling out an email template

4. The unexpected decline in social media sentiment

For the first time in the survey’s history, social media has recorded a net negative sentiment score of -3.26%. This surprising shift suggests that real estate professionals are reevaluating their social media strategies and potentially looking for more effective ways to engage with their audience.

Adapting your social media approach:

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Ready to execute on these strategies but need a little design help? Our expert social media team put together three sets of engaging, on-brand post templates you can customize and deploy today.

5. An optimistic income outlook amid market challenges

A line graph showing agents' Income Expectations for 2024 in the State of Real Estate Marketing Report

Despite facing an uncertain market, an overwhelming majority of real estate professionals expect to increase their income in 2024. Nearly a third of those surveyed anticipate a 30% or greater increase in their annual income.

This optimism in the face of adversity is both surprising and inspiring.

Strategies to boost your income:

  • Diversify your marketing channels (remember, using 5+ channels correlates with higher GCI)
  • Invest in personal branding and high-quality lead generation
  • Leverage technology and CRM systems to improve efficiency

Want more income-boosting strategies? Download the full State of Real Estate Marketing Report.

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Bringing it all together

The 2024 State of Real Estate Marketing Report reveals an industry in flux, with agents, team leaders, and brokers adapting to new realities and embracing innovative strategies. By focusing on your website, leveraging video content, revitalizing email marketing efforts, refining your social media approach, and maintaining an optimistic outlook, you can position yourself for success in this evolving landscape.

Remember, the key to standing out in the coming years will be authenticity, strategic use of technology, and a commitment to providing genuine value to clients. As the industry evolves, those who adapt quickly and thoughtfully will be best positioned to capitalize on new opportunities and navigate potential challenges.

Expert insights to fuel business growth

Download the 2024 State of Real Estate Marketing Report now.

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