Home Buyer Statistics from the National Association of Realtors (NAR)

By
Real Estate Agent with PortfolioRS.com
Home Search (median):
  • Number of Weeks Searched - 8
  • Number of Homes seen -9

Method of Home Purchase, By Use of Internet:

  • Real Estate Agent/Broker - 81%
  • Direct from Builder (new homes only) - 10%
  • Direct from previous owner whom buyer didn't know - 5 %

Actions Taken by Buyers After Using Internet Site:

  • Drove by/viewed a home - 74%
  • Walked through a home viewed online- 61%
  • Found agent used to search/buy home - 23%

Prior Living Arrangement:

  • Owned previous residence- 49%
  • Rented an apartment or house - 38%
  • Lived with relatives or friends- 9%

Information Sources Used in Home Search:

  • Real estate agent - 85%
  • Internet - 80%
  • Yard sign - 63%
  • Newspaper - 55%
  • Open house - 47%
  • Home book/magazine - 34%
  • Builders (new homes) - 26%
  • Television - 11%
  • Relocation company - 5%

Where Buyer Found the Home They Purchased:

  • Real estate agent- 36%
  • Internet- 24%
  • Yard sign- 15%
  • Relative or friend- 8%
  • Builder (new homes)- 8%
  • Newspaper- 5%
  • Knew the seller -3%
  • Home book/magazine- 1%
  • OPEN HOUSE -Less than 1%!

What Repeat Buyers Want Most From Real Estate Professionals:

  • Help you find the right house to purchase -53%
  • Help with price negotiations - 13%
  • Tell you what comparable homes are selling for - 11%
  • Help determining how much buyer can afford - 11%
  • Help with paperwork - 8%
  • Help find and arrange financing - 2%

Definitely Would Use Same Agent Again: 66%

*Data from 2006-07 National Association of Realtors

Comments (1)

Bonner Thomason
Keller Williams Realty - Kernersville, NC
CRS, ABR, GRI, e-Pro

It will be interesting to see what changes in 2008 Stats

Bonner 

Dec 17, 2007 10:11 AM