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 are some upsides for home inspectors that have built their business on a solid foundation.
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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.
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.
Inspections
Inspections in Q4 dropped nearly 75% from their August high. But nationally, inspections are still higher than they were during 2020.
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.
We're changing the home inspection industry, here's how