Georgia REALTOR magazine recently published an article about "Who's Buying and Selling in Georgia." There were some interested statistics about The Home Search Process listed. This information was obtained from the 2008 Profile of Home Buyers and Sellers.
- 31% of recent buyers reported that their first step in the home-buying process was looking on line for properties for sale. 15% of first-time buyers and 19% of repeat buyers reported their first step was to contact a real estate agent.
- 89% of home buyers used the Internet to search for homes.
- The typical home buyer searched for a home for a median 9 weeks and saw a median 12 homes.
- 85% of home buyers used a real estate professional during their search.
- Among home buyers, the typical Internet searcher was 37 years old and visited a median 14 homes. The typical home buyer who did not use the Internet to search for homes was 59 years old and saw a median of 6 homes.
- 36% of home buyers first learned about the home they purchased from a real estate agent; 29% first learned about the home they purchased through the Internet.
- Real estate agents were viewed as a very useful information source by 83% of buyers, and as a somewhat useful information source by an additional 15% of buyers searching for a home.
- 10% of buyers purchased a foreclosed home; 40% considered buying a home in foreclosure, but either could not find the right home, or found that process to be too difficult or complex.
What are your thoughts? How does this information compare to what you are seeing?