ShareOn Tuesday, November 19, NAR Research held a Twitter Chat to discuss the highlights from the newly released 2013 Profile of Home Buyers and Sellers. Research's Director of Member and Consumer Survey Research, Jessica Lautz, discussed the latest info and trends from this always popular annual report, responding to 140 character-or-less questions as they filtered in. The discussion was lively and informative, and thanks to all who participated. Even if you were unable to interact with us that day, the full recap of the #2013HBS hashtag recap can be found here, and the most popular tweets from the chat can be found after the jump:
39% of sellers who used a real estate agent found their agents through a referral, and 25% used the agent they worked with before #2013HBS
— NAR Research (@NAR_Research) November 19, 2013
Recent sellers typically sold their homes for 97% of the listing price—up from 95% last year. #2013HBS — NAR Research (@NAR_Research) November 19, 2013
88% percent of sellers were assisted by a real estate agent when selling their home. #2013HBS
— NAR Research (@NAR_Research) November 19, 2013
42% of buyers found their agent through a referral from a friend or family member &12% used an agent they had used before #2013HBS — NAR Research (@NAR_Research) November 19, 2013
45% of buyers used a mobile device during their home search-of those 22% found the home they ultimately purchased via mobile device #2013HBS
— NAR Research (@NAR_Research) November 19, 2013
The use of the Internet in the home search rose slightly to 92% #2013HBS — NAR Research (@NAR_Research) November 19, 2013
The typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales. #2013HBS
— NAR Research (@NAR_Research) November 19, 2013
The share of home sellers who sold their home without the assistance of a real estate agent was 9%--decline from 19% in 1991. #2013HBS — NAR Research (@NAR_Research) November 19, 2013
38% of recent home buyers were first-time buyers, which is still at a suppressed level of the historical norm of 40% #2013HBS
— NAR Research (@NAR_Research) November 19, 2013