And Survey Says. . .
The National Association of REALTORS recently published their annual survey of recent home buyers and sellers. This covers information on national housing data such as demographics, housing characteristics, and consumer experiences. Below are come interesting highlights from the 2016 survey.
- First time home buyers made up 35% of the total buyers - up 3% from 2015.
- 'Buyers typically searched for ten weeks and looked at a median of ten homes before purchasing.
- 88% of buyers used an agent in their buying process.
- 88% of buyers got a mortgage to finance their purchase.
- Sellers typically lived in their home ten years before selling.
- 89% of sellers worked with an agent to sell their home.
- Only 8% of the homes sold were for sale by owner (FSBO) and sold for less than agent-assisted sales.
Contact me if you want to work with an agent who knows the pulse of buyers and sellers in today's market! 603-526-4116, Donna@DonnaForest.com, www.DonnaForest.com