REALTORS

This Realtor information is taken from the National Association of Realtors, there were approximately 5.6 million homes were sold during the height of the pandemic in 2020, click link to see more https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales. 820,000 sold that were labeled new construction see link for more https://www.census.gov/construction/nrs/index.html along with over 3 million active licensees in America. Supporting the licensees there are supported by just over 106,000 brokerages click link for more https://data.census.gov/table?hidePreview=true&table=EC1753BASIC&tid=ECNBASIC2017.EC1753BASIC&lastDisplayedRow=52&q=EC1753BASIC:+Real+Estate+and+Rental+and+Leasing:+Summary+Statistics+for+the+U.S.,+States,+and+Selected+Geographies:+2017

America is sitting with almost 6 million commercial buildings in 2018 before the pandemic, click link for more info https://www.eia.gov/consumption/commercial/reports/2012/preliminary/index.php?src=Consumption-b1 statistics are still being compiled after the pandemic 2019.The average homes that are occupied in America is about 120 million, click link to see more info https://www.census.gov/acs/www/data/data-tables-and-tools/narrative-profiles/2018/report.php?geotype=nation&usVal=us

HOMEBUYER STATISTICS

Homebuyer statistics for first time versus repeat buyers shows 26% are first time buyers and median age is 26 years old. Median age of repeat buyer surprisingly is 59 years old. The median household income is near 70,000 and repeat buyers are near 96,000. Many who has financed their home using 96% value of contract price and 86% of buyers used a real estate agent with 89% would refer their realtor again and refer to another buyer or seller. More interesting homebuyer statistics show 51% of buyers used the internet, 10% referral, directly knew each other, 29% used a realtor,  4% open house, 5% sellers knew each other and less than 1% from newspaper advertisement. 

HOME SELLER STATISTICS

Home seller statistics in 2020 show the typical home seller again, surprisingly was 60 years old and median household income near 93,000 and resided in their home nearly 10 years. 86% needed a professional realtor when selling their home. During this particular year of the hard hit pandemic sold their home for at least 100% of listing price along with close to 38% of reducing listing price at least once. During this time after receiving multiple offers, homes were under contract in two weeks or less, some 2 to 3 days. 36% of sellers were referral from a friend and 27% used the same realtor the previously hired to buy or sell a home. Lastly 73% of sellers would use the same realtor again.

KEVIN STRAWTER

Click link to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?