NAR PROFILES OF BUYERS AND SELLERS

By
Real Estate Agent with Re/Max Professional Associates 74203

SELLERS - 75% of the sellers are married.  Their median age is 49.  40% have at least one child under 18.  Age makes a difference in the size of the home purchased.  18-34 years old bought homes 100 sq ft bigger than the median.  35-44 traded up to homes 200 sq ft bigger than the median.  55-64 bought smaller homes, downsizing.

HOW LONG DID THEY OWN THEIR HOMES AND HOW MUCH EQUITY?  The typical home seller owned the home home for 8 years.  Detached single family home, which are the larger share of property sold, owned their homes for 9 years.  Condos with more than 5 units, 6 years.  The longer you owned a home generated a higher equity than those owned fewer years.  The good news is that the average dollar equity was $33,000 according to NAR.

WHY DID THEY SELL?  21% sold because the home was too small.  Job relocation - 15%, they were in the 45 to 54 age group. 55 years an older it was to move closer to friends and family.

WHAT PERCENTAGE USED A REAL ESTATE PROFESSIONAL?  In 2001 the number was 71%.  In 2010 it is up to 88%.  Nearly 9 out every 10 homes sold used a real estate professional.

Go Realtors!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Tags:
conrad allen realtor 5084000438 wwwconradallencom

Comments 3 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
536,756
Gerry Michaels
GettysburgGerry Social Meida
Glasswork Media Arts

This is great info, I am interested as to why the percentage of those that used a Realtor jumped so much, I understand that it is tougher to sell a home these days, but those are some big gains, nice post

December 27, 2010 02:06 PM
Rainer
239,935
Michele Miller ~ REALTOR®, LMC, HSE, CHS
"Your Full Service Professionals"
Keller Williams Greater Worcester

Nice to see the jump with in the use of REALTORS. It should be 100%.

Thanks for the great information Conrad!

December 27, 2010 03:12 PM
Rainmaker
998,725
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Hi Michelle & Gerry,

I would love to see 100% Realtor use but that will never happen.  I think NAR has done an adequate advertising of the Realtor benefits.

December 27, 2010 05:16 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the envelope to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
998,725

Conrad Allen

Webster, Ma, Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information