2016 NAR Profile of Home Sellers Highlights

The National Association of Realtors has administered the Profile of Home Buyers and Sellers since 1981. The 2016 survey contained 132 questions; the data collected describes the demographic characteristics of home buyers and sellers, experience in the home buying transaction process, and market characteristics. Data is collected from a nationally representative sample of recent home buyers who purchased a primary residence from June 2015 to July 2016.

Highlights of sellers and their selling experience. Click here for the complete NAR 2016-profile-of-home-buyers-and-sellers-10-31-2016.

  • The typical seller was 54 years old with a median household income of $100,700.
  • 18% of sellers said that the reason for selling their home was that it was too small.
  • 89% of sellers worked with a real estate agent to sell their home.
  • Sold homes were on the market for a median of 4 weeks.
  • 64% of sellers found their Realtor through a friend, neighbor, or relative referral.
  • 92% of sellers listed their homes on the MLS, which is the primary source for sellers to list their home.
  • 85% said they would definitely recommend their agent for future services.
  • Only 8% of home sales were FSBO sales. For the second year, this is the lowest share since 1981.
  • FSBOs sold for a median price of $185,000, which is significantly lower than the agent-assisted median price of $245,000.
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About Jean

Jean Hedren, Your Northwest Wisconsin Realtor. Specializing in up-north lake homes, cabins, and waterfront real estate. Serving the real estate needs of northern Wisconsin buyers and sellers in Barnes, Solon Springs, Lake Nebagamon, Gordon, Wascott, Minong, Trego, Spooner, Hayward, Webb Lake, and beyond. I’ll be glad to help you find the lake place that’s right for you; some of my favorite NW WI lakes include the Eau Claire Chain of Lakes, Nelson Lake, Lake Minnesuing, Lake Nebagamon, Upper Saint Croix Lake, Whitefish Lake, the Minong Flowage, Gilmore Lake, Kimball Lake, Nancy Lake, Bond Lake, Leader Lake, Big Bass Lake, the McKenzie Lakes, Horseshoe Lake, and Webb Lake. To learn more about the cabins and lake homes for sale in northwest Wisconsin, give me a call at 218-590-6634. Or, you can reach me at jeanhedren@edinarealty.com.
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