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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