The South Coast Real Estate Round-Up

Each year, the National Association of Realtors survey home buyers and sellers to provide insights and details of their experiences. The 2014 Survey of Home Buyers and Sellers revealed some interesting results:

• On average, home buyers viewed 10 properties over a 10 week period before making a choice for their new home. This is TWO WEEKS shorter than last years report.
• First-Time home buyers only represented 33% of all sales. This is down from the average of 40 percent. 
• 90 percent of home buyers surveyed said they looked online in some way during their search and 50% used mobile friendly websites or a mobile app.
• 98% of home buyers reported that real estate professionals were an important resource during their home search.
• Less than 10% of sellers successfully sold their home without help from a real estate professional. 44% of the home sellers who did successfully sell without help from a real estate professional sold their home to a family member, friend or acquaintance.
• 70% of seller contacted only one real estate professional before listing their home.

This years survey shows that technology continues to play an important role in the home buying process.