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Sign into your accountHighlights from the 2013 Profile of Home Buyers and Sellers
December 15 2013
The National Association of REALTORS® has long-established itself as a provider of valued data relevant to the industry. One of the organization's most recent studies is the The 2013 Profile of Home Buyers and Sellers, just released in November.
This annual NAR survey of recent home buyers and sellers provides key insight into respondents' experiences with this important transaction. Topics covered in the report include who today's buyers and sellers are, how they use the services of real estate professionals and what role the internet plays in the buying/selling process. Topics are presented in a user-friendly format designed to allow easy comparisons with previous studies through a mix of charts, graphs and tables.
Just a few highlights from the report include the following statistics:
- Sixty-six percent of recent home buyers were married couples—the highest share since 2001.
- For 42 percent of home buyers, the first step in the home-buying process was looking online for properties. Fourteen percent of home buyers first looked online for information about the home buying process.
- The typical home buyer searched for 12 weeks and viewed 10 homes.