{"id":575,"date":"2019-07-16T19:57:23","date_gmt":"2019-07-16T19:57:23","guid":{"rendered":"https:\/\/householdrealestate.com\/?p=575"},"modified":"2019-07-16T19:57:23","modified_gmt":"2019-07-16T19:57:23","slug":"home-buyer-home-seller-and-for-sale-by-owner-statistics","status":"publish","type":"post","link":"https:\/\/householdrealestate.com\/a\/blog\/uncategorized\/home-buyer-home-seller-and-for-sale-by-owner-statistics\/","title":{"rendered":"Home buyer, Home Seller, and For Sale By Owner Statistics"},"content":{"rendered":"<p><strong>Home Buyer Statistics<\/strong><\/p>\n<p>First-Time vs. Repeat Buyers:<br \/>\nFirst-time buyers: 33%<\/p>\n<p>Median age of first-time buyers: 32<br \/>\nMedian age of repeat buyers: 55<br \/>\nMedian household income of first-time buyers: $75,000<br \/>\nMedian household income of repeat buyers: $100,000<br \/>\nThe typical home purchased was 1,900 square feet in size, was built in 1991, and had three bedrooms and two bathrooms.<br \/>\nAmong those who financed their home purchase, buyers typically financed 90% of the home price.<br \/>\n87% of buyers purchased their home through a real estate agent or broker\u2014a share that has steadily increased from 69 percent in 2001.<br \/>\nBuyers who would use their agent again or recommend their agent to others: 74%<\/p>\n<p><strong>Home Seller Statistics<\/strong><br \/>\nThe typical home seller in 2017 was 55 years of age, had a median household income of $98,800, and lived in their home for 9 years.<br \/>\n91% of sellers were assisted by a real estate agent when selling their home.<br \/>\nRecent sellers typically sold their homes for 99% of the listing price, and 23% reported reducing the asking price at least once.<br \/>\nThe typical home sold was on the market for 3 weeks.<br \/>\n39% of sellers who used a real estate agent found their agents through a referral by friends or family, and 24% used the agent they previously worked with to buy or sell a home.<br \/>\nSellers who definitely would use same agent again: 69%<br \/>\nSource: 2018 National Association of REALTORS\u00ae Profile of Home Buyers and Sellers<\/p>\n<p><strong>For Sale By Owner (FSBO) Statistics<\/strong><br \/>\nFSBOs accounted for 7% of home sales in 2017. The typical FSBO home sold for $200,000 compared to $265,500 for agent-assisted home sales.<br \/>\nFSBO methods used to market home:<br \/>\nYard sign: 22%<br \/>\nFriends, relatives, or neighbors: 18%<br \/>\nOnline classified advertisements: 6%<br \/>\nOpen house: 10%<br \/>\nFor-sale-by-owner websites: 5%<br \/>\nSocial networking websites (e.g. Facebook, Twitter, etc.): 12%<br \/>\nMultiple Listing Service (MLS) website: 4%<br \/>\nPrint newspaper advertisement: 2%<br \/>\nDirect mail (flyers, postcards, etc.): 2%<br \/>\nVideo: 1%<br \/>\nNone: Did not actively market home: 49%<\/p>\n<p><strong>Most difficult tasks for FSBO sellers: <\/strong><br \/>\nGetting the right price: 17%<br \/>\nUnderstanding and performing paperwork: 12%<br \/>\nSelling within the planned length of time: 5%<br \/>\nPreparing\/fixing up home for sale: 8%<br \/>\nHaving enough time to devote to all aspects of the sale: 3%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Buyer Statistics First-Time vs. Repeat Buyers: First-time buyers: 33% Median age of first-time buyers: 32 Median age of repeat buyers: 55 Median household income of first-time buyers: $75,000 Median household income of repeat buyers: $100,000 The typical home purchased was 1,900 square feet in size, was built in 1991, and had three bedrooms and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-575","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/comments?post=575"}],"version-history":[{"count":0,"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/posts\/575\/revisions"}],"wp:attachment":[{"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/media?parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/categories?post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/householdrealestate.com\/a\/wp-json\/wp\/v2\/tags?post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}