Few valuable stats from NAR’s 2010 Profile of Home Buyers and Sellers:
- The typical home buyer will search for homes for 12 weeks and view 12 different homes during the homebuying process.
- 83 percent of buyers purchased a home through a real estate agent.
- 48 percent of buyers found their agent through friend or family member.
- The typical sellers lived in their homes for 8 years.
- 88 percent of sellers were assisted by an agent with their transaction.
- Homes sold through a real estate agent sold for 96 percent of the list price.
- 57 percent of sellers reduced the asking price at least once while their home was listed.
- The typical home is on the market for eight weeks.
- 86 percent of sellers surveyed were somewhat satisfied with their agent.
- 41 percent of sellers found the listing agent through a friend, family member, or coworker.
- 83 percent of consumers would definitely use their agent again
- 50 percent of recent home buyers were first-timers.
- The typical first-time home buyer was 30 years old.
- Repeat buyers were 49 years old on average.
- One-third of recent home buyers indicated their primary reason for purchasing was a desire to own a home.
- 20 percent of recent home buyers were single females; 12 percent were single males.
