The National Association of Realtors has recently released the results of its survey of 2010 Buyers and Sellers. Some of the statistics and findings are really interesting. I'll provide an overview below, but here are a couple observations.
1. The average age of first time home buyers is 30 years old, of repeat buyers is 49 years old and of sellers is 49 years old. No wonder we have a disconnect in viewpoints, sometime.
2. The Internet and the Realtor continue to be the two most prevalent sources of valuable listing information (used frequently or occasionally 89% and 88% of the time, respectively).
3. 88% of homes sold in 2010, sold through a Realtors, 9% were sold by owner and 3% other.
Here is a summary of the data. I know we are biased at Coldwell Banker Shook, but the data continues to demonstrate the value and importance of involving a Realtor in your home sale or purchase
I Demographics of buyers and sellers
First time Repeat
Buyer Buyer Seller
Ave. age 30 yo 49 yo 49 yo
Annual income $ 60,000 $ 72,200 $ 90,000
Married? 49% 69% 75%
Single? 20% 17% 10%
II. Source of information used to identify prospective homes (frequent or occasionally used)
Internet 89%
Realtor 88%
Yard Sign 57%
Open House 45%
Print advertising 24%-36%
III. Website used in home search
realtor.com 45%
Real estate company 43%
Real estate agent 42%
Other real estate websites 41%
For sale by owner websites 15%
Newspaper websites 8%
IV. Method of home sale
Sold via a Realtor 88%
Sold by owner 9%
Other 3%
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