Highlights from the 2012 NAR survey of buyers and sellers
excerpts from a Florida Realtors report on the NAR survey
General Findings
- Dual income households comprise a greater portion of the housing market
Married versus Single
- Sixty-five percent are married, 16% single women, 9% single men, 8% unmarried couples
BUYERS
- First-time buyers:
- 39% of market share, up from 37%
- Median age: 31
- Median income: $61,800
- Purchase: 1,600 square foot home, $154,100
- Repeat buyers:
- Median age: 51
- Purchase: 2,100 square foot home, $220,000
- Downpayments:
- Overall: 9%; first-time buyers: 4%; repeat buyers: 13%
- Finding a home buyer resources: 90% Internet; 87% real estate agent; 53% yard signs; 45% attend open houses; 27% newspaper and print ads.
- 91% of buyers using the Internet made a purchase through a REALTOR as did 71% of non-Internet users
- Single largest factor when choosing a home was quality of neighborhood, convenience to job was second
- Representation: 89% real estate agent; 6% direct from builder; 5% from previous owner
Sellers
- Median age: 53; income $95,400
- 77 days on market
- Half moved to larger home, the other half split between same sized home and smaller home
- Equity gain 9% with 9-year hold; 31% with 11-15 year hold
- For Sale By Owner - FSBO
- Record low, 9% of total sales matching 2010, down 10% from last year
- Many FSBO are not on the market with sales to family or friends
- A total of 6% of properties sold are without professional assistance
- 20% of properties sold FSBO were done so after being approached directly by a prospective buyer.
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