Where Are Buyers Searching For Homes To Buy?

Posted: October 2, 2017

There are many ways to find homes for sale. It is very important to know where the most buyers are so your home gets the most exposure. Here are the stats from NAR on the home searching process.

• For 44 percent of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 17 percent of buyers first contacted a real estate agent.
• 79% of recent buyers found their real estate agent to be a very useful information source. Online websites were seen as the most useful at 86 percent.
• Buyers typically searched for 10 weeks and looked at a median of 10 homes.
• The typical buyer who did not use the internet during their home search spent only four weeks searching and visited four homes, compared to those who did use the internet and searched for 10 weeks and visited 10 homes.
• Among buyers who used the internet during their home search, 89 percent of buyers found photos and 85 percent found detailed information about properties for sale very useful.
• Sixty percent of recent buyers were very satisfied with their recent home buying process, up from 59 percent a year ago.