Here are some interesting stats about the home search process:
- Over 40% of recent homebuyers began their search online, while 20% started by contacting a real estate agent.
- Over 90% of recent homebuyers found their real estate agent to be a valuable source of information.
- Homebuyers typically spent 10 weeks searching for a home, viewing a median of 7 homes in person and 4 homes online.
- A remarkable 92% of recent homebuyers were pleased with the overall home buying process.
- Nearly all recent homebuyers, 89%, enlisted the help of a real estate agent or broker to navigate the home buying process, while only 6% opted to purchase directly from the previous owner.
- 43%, found their real estate agent through a personal referral, while 13% had worked with the agent in a previous real estate transaction. Additionally, 7% discovered their agent through an online property listing, and another 7% stumbled upon their agent via an online search without a specific property in mind.
- 71% of buyers interviewed only one real estate agent during their home search.
- 90% of buyers would use their agent again or recommend their agent to others.
Thanks for reading,
Chris
