Some Home Facts
The typical seller has lived in their home for nine years, which is up from 6 years in 2007.
Although 61% of sellers said that they reduced the price of their listing once, the average home
(not foreclosure or short sale) sold for 95% of the listing price.
In 2011, 37% of homebuyers were first time buyers, which is down from 50% in 2010.
In 2011, 88% of homebuyers used the Internet to search for a home.
The top 3 factors in choosing an area (neighborhood) were quality of the neighborhood,
closeness to a job, and affordability of the home.
Source: National Association of Realtors
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