FACTS ABOUT THE REAL ESTATE INDUSTRY - Homes for Sale ...
FACTS ABOUT THE REAL ESTATE INDUSTRY
What methods of advertising sell a home:
• 41% Being listed in the MLS
• 30% Internet Exposure
• 15% Yard sign
• 10% Publication advertising
• 3% Classified advertising
• 1% Other (neighbors, friends)
• 0% Open house
Additional Industry facts:
• Closing prices on homes are up 8%-12% from a year ago
• The sell price is averaging 97% of the list price if priced correctly
• 78% of Internet home inquiries use an agent to buy or sell
• The #1 Internet site as far as monthly hits is , #2 is MLS
• 75% of all “For Sale by Owners” eventually list with an agent
• “For Sale by Owners” on average get 27% less for their home vs. agent listed homes
• “For Sale by Owners” account for only 14% of all homes sold
*Source-Statistics from this page were attained from the “National Association of Realtors” and “Carolina Multiple Listing Service”.
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