The National Association of Realtors does an annual survey of buyers and sellers. Here are some interesting results that may surprise you. 35% of all homebuyers were first-time buyers, here in the northeast that figure was 44%. Out of all the buyers surveyed, 86% said they used the internet to search for homes. Of this number 54% used a mobile device to access the internet. Half of the homes purchased were within 12 miles of the buyers previous residence. Only 16% of the buyers said they used a newspaper ad as an information source. Homebuyers did indicate that in 34% of the cases, it was their Real Estate agent who alerted them to the home they eventually purchased. While the internet has become a very valuable tool for both buyers and agents, the survey also indicated that 90% of all home purchases were done through a Real Estate agent. It’s reassuring to know that having a good Real estate agent continues to make shopping for a home a smart choice. Good luck shopping!
