The 2009 NAR Profile of Buyers and Sellers is full of important and interesting data
November 30th, 2009 categories: First Time Buyers, For Buyers, For Sellers, Info, News, STR Market Info Blitz, Uncategorized
This post is part of the Strong Team REALTORS Market Info Blitz. We’re heating up the Winter market by giving you three-months worth of the information you need, November through January. Check out the latest posts in the blitz, here.
The 2009 NAR Profile of Home Buyers and Sellers
Every year, the National Association of REALTORS surveys thousands of home buyers and sellers from all over the country. NAR collects data based on dozens of different criteria. NAR then takes all of the numbers, and crunches them into their annual Profile of Home Buyers and Sellers.
The report contains over 100 pages of charts and information that put into perspective just who is buying and selling homes in the US, and how they are doing it.
Needless to say, the document is very important in that it gives us an idea of what buyers and sellers want, in a general sense, and what they are doing. We can then examine the data and determine how it is most useful to our customers and clients right here in the Charlottesville area.
Right now, we’re taking time to closely examine all of the data, charts and analysis so that we can share the with you the most important highlights of the report, and tell you what it means for you. In the coming days that’s exactly what we’ll be sharing.
So until we can address the report in more detail, here are some highlights from the home buyer and seller profile that you might find interesting:
Info about Home buyers
- 47% of recent home buyers were first-time buyers
- The typical first-time home buyer was 30 years-old. The typical repeat buyer was 48 years-old
- For 33% of recent home buyers, the primary reason for the recent home purchase was a desire to own a home
Info about Home Sellers
- Recent sellers fold for 95% of the listing price, and 60% reported reducing the price at least once
- 42% of sellers offered incentives to attract buyers, usually home warranty policies or closing costs
- 13% of home sellers reported they had a contract that was terminated, canceled, or fell-through
Info about the Home Search Process
- 94% of home buyers used the Internet to search for homes
- Only 2% of home buyers found the home they purchased in a print ad
- The typical home buyer searched for 12 weeks and viewed 12 homes
More to come. . .
Those are just some of the highlights of the report. We’ll have much more to come over the next few days/weeks. This is a report chock full of very important information, and we want to make sure that we share with you everything you’ll need.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
