AtoZ by Susan Bice, CRS, GRI
I purchased the 2011 Profile of Home Buyers and Seller last week. It is a report published by the National Association of Realtors each year. Here are a few interesting items gleaned from that report: •The typical seller was in their home nine years before selling—a trend that continues to increase. •Eighty-seven percent of recent sellers turned to an agent to sell their home and just 10 percent sold their home via FSBO sale. The remainder simply didn’t sell. •Time on the market and the ratio of sales price to listing price are highly correlated; generally, the longer a home is on the market the greater the discount from the listing price upon sale. •Thirty-seven percent of recent home buyers were first-time buyers, a drop from 50 percent in 2010. •The typical buyer was 45-years-old, a jump from 39-years-old in 2010. •Sixty-four percent of recent home buyers were married couples—the highest share since 2001 and only eighteen percent were single females—the lowest share since 2004. The real estate market is ever-changing but one constant is that owning your own home is the single biggest investment most people make and the satisfaction that comes with owning your own home is immeasurable. Call me today at 440-5306 for all your real estate needs.