Every year the National Association of REALTORS®  publishes a profile of Home Buyers and Sellers based on survey results.  Below are some facts from the 2012 report that sellers might find eye opening!

• The median size of a home sold was 1900 square feet.  Only 9% of buyers purchased a home over 3500 square feet.  If your house is significantly larger or smaller than 1900 square feet, there are fewer buyers for your size house.
• 83% of buyers purchased a home with 3 bedrooms.  If you are selling a 2 bedroom or 4+ bedroom, you are targeting only 17% of the buyer pool.
• Only 8% of the sales in the Northeast were homes built prior to 1910.  Translation – not many buyers for old homes.
• Approximately 59% of buyers had no children, 18% had one child, 16% had two, and 7% had 3+.  The majority of buyers are not looking for “large family” homes.
• 90% of buyers in the Northeast used an agent to purchase a home.  The top home search sources are the internet, real estate agents, and yard signs.

Feel free to contact me if you are looking for a REALTOR® who understands the housing market and how it impacts you!  603-526-4116; donna@donnaforest.com

Donna Forest, ABR, Broker Associate