Home selling in 2011
The 2011 National Association of Realtors® Profile of Home Buyers and Sellers surveyed 5,708 home buyers and sellers, discovering that the demographics among buyers and sellers have changed this year, both of which are older, have higher incomes and are more likely to be married. Most people selling their home cited their top reasons as job relocation, a home that is too small, or the desire to be closer to friends and family. The typical seller was in their home for 9 years before selling.
Fully 87 percent of sellers turned to an agent to sell their home with 10 percent selling via FSBO. Home sellers fetched a median 95 percent of the listing price on the typical home and the average time on market was 9 weeks. Home equity dropped from 24 percent last year to 16 percent this year, with a $26,000 gain.
Less talking, more numbers: