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2022

Putting the year in perspective.

At Spectora, we like to take the long view. 2022 saw the end of a historic hot streak in real estate. As the industry returns to pre-pandemic levels, there's some upsides for home inspectors that have built their business on a solid foundation.

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The Snapshot

Read about how we collect (and don't collect) data

2.7m

INSPECTIONS

8,000+

HOME INSPECTORS

5,000+

COMPANIES

Some Highlights

2022 felt like two years. January to July showed some of the highest volume of home sales in a generation.

But Q4 saw sharp decreases in home sales and inspections, far more than a typical winter.

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Prices 

Many home inspectors reported raising prices in the spring to keep pace with inflation and demand. But in 2022, the average home inspection quote nationwide actually dropped slightly.

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Inspections 

Inspections in Q4 dropped nearly 75% from their August high. But nationally, inspections are still higher than they were during 2020.

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Attrition

Solo inspectors dropped out of the market in modest numbers; much of the market share is claimed by multi-inspector companies.

National Monthly Home Inspections

16%

That's the increase of inspections from 2021 to 2022.

147%

That's how many more inspections happening now than Jan 2020.

First Year Solo Inspectors

First Year Solo Inspectors

Median Monthly Inspections in 2022 

3

Median Monthly Revenue in 2022

$641  

Experienced Solo Inspectors

Experienced Solo Inspectors

Median Monthly Inspections in 2022 

7​

Median Monthly Revenue in 2022

$2,454

Multi Inspector Companies

2-10 Inspectors

Multi Inspector Companies

2-10 Inspectors

Median Inspections Per Inspector:  10

Median Monthly Inspections in 2022 

27​

Median Monthly Revenue in 2022

$12,059

Enterprise Companies

11+ Inspector Companies

Enterprise Companies

11+ Inspector Companies

Median Inspections Per Inspector:  12.5

Median Monthly Inspections 

81

Median Monthly Revenue in 2022

$66,876

Avg Home Inspection Quote Per State

How we're teeing up 2023 

Every month, our CEO talks with everyone from industry thought leaders to first year inspectors to get every possible angle about the industry. Guests get real about the ups and downs of home inspection, and always share their lessons learned about what went right, and what didn't.

Industry Attrition is...Good?

Industry attrition is inevitable right now. A tightening market will churn out the unprepared. And that's a good thing. Here's a couple of data points we're tracking...

 

Upsell, Upsell, Upsell

It's time to focus on add-ons and upsells. Increasing your RPI (revenue per inspection) is the best way to maximize your profit for time spent in the field. But where should you start?

2023 is the Year of Marketing

Remember when you never had time to focus on marketing? A big silver lining to a slower real estate market is that you might have more time. We'll get you started with 23 marketing ideas for 2023.

Don't miss

the latest updates.

For making 2022 one amazing year...

THANK YOU.

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We're changing the home inspection industry, here's how