Every year
the National Association of Realtors conducts a survey of those buying and
selling homes. The last survey from 2011
has been released.
·
37% of home buyers were first-time buyers – a
drop from 50% in 2010
·
The average buyer was 45 – a jump from 37 in
2010
·
64% of buyers were married – the highest since
2001
·
18% of buyers were single females – the lowest
share since 2004
·
The average buyer looked at 12 houses before
buying.
·
89% of buyers bought through a real estate agent
– up steadily from 69% in 2001.
·
87% of buyers financed their purchase – the
average financed was 89% of purchase price.
·
The average seller lived in their home for 9
years – in 2006 this number was 6 years.
·
87% of sellers had their homes listed through a
real estate agent.
·
61% of sellers said they had to reduce their
listing price at least once before finding a buyer.
·
39% of sellers found their real estate agent
through a referral from friends or family.
·
10% of sellers sold by owner
·
The average sale by owner sold for $150,000; the
average sale through an agent sold for $215,000.
If you don’t
like numbers…the analysis says that the average buyer is getting older and is
married; that they buy with a Realtor; through the Realtor and the internet
they look at fewer houses before making a decision; and that most buyers
finance their homes because 30 year money is very cheap. The average seller lived in their home much
longer before selling it; almost all sellers used a Realtor that was referred
to them by a friend; and the sellers that didn’t use a Realtor lost money.
For the best
in real estate, whether you need to sell, to buy, or to be counseled, choose
the Abernathy Cochran Group. http://www.abernathycochran.com. Gainesville, Flowery Branch, Oakwood, Braselton,
Buford, Hall County, Lake Lanier, Northeast Georgia. Homes, Farms, Lake Homes, New Houses, Condos
For Sale.
