Who are today’s buyers and sellers?

Happy New Year! As we enter 2013, we may or may not be aware of the far reaching impact of the internet in all phases of our lives. Whether it be a job search, love search, a search for a new and healthy recipe, or as it pertains to real estate, the search for our next home.

Check out these statistics from the NAR’s 2012 Profile of Home Buyers and Sellers:

– Married couples were a driving force in 2012, making up 65 percent of buyers (the highest total since 2001) and 76 percent of sellers.
– The age of a typical buyer was 42, down from 45 in 2011, but higher than 39 year wich was the median age in 2010.
– Eighty-nine percent of buyers used an agent or broker. The trend was similar to last year but far higher than 2001 when only 69 percent used an agent.
– Thirty-nine percent of buyers in 2012 were first-time home buyers, higher than 37 percent in 2011 and closer to the norm of 40 percent.
– Ninety percent of buyer used the internet to find a home. For buyers under the age of 44, it was even higher at 96 percent.
– Typical tenure for owners to stay in a home was nine years, up from six years in 2007.
– When deciding to sell, 46 percent of sellers moved up to a larger, higher-priced home and 62 percent purchased a newer home.

All in all, you can see that the need for an agent has not disppeared. However, agents roles are being redefined as the internet continues to play a larger role in the consumers life.
Broker Dynamix is a wonderful way for agents and brokers to supplement what they already do by providing them with fresh, active leads. If you’re a broker or an agent, please don’t hesitate to contact us to discuss how we can help you acheive your goals in 2013.

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