Here are some interesting statistics compiled from the final 2009 FMLS data. The FMLS is the First Multiple Listing Service, or MLS, for the greater Atlanta Metro.
Of special interest is the number of buyers that use the internet, 87%.
Also, the number of weeks searched and homes seen, 10 each. Due to so much inventory being available and the fact that it’s a serious Buyer’s Market, I’m personally seeing both of these numbers maybe 4x that!
Wonder when was the last time that someone bought a home after only seeing 10!
Quick Stats: 2009 Home Buyers
Length of Active Home Search:
- Number of weeks searched: 10
- Number of homes seen: 10
First-Time vs. Repeat Buyers:
- First-time buyers: 41%
- Repeat buyers: 59%
- Median age of first-time buyers: 30
- Median age of repeat buyers: 47
Buyers who definitely would use same agent again: 70%
Actions taken as result of Internet home search:
- Drove by/viewed a home: 77%
- Walked through a home viewed online: 63%
- Found a new agent to help them search/buy home: 27%
Information sources used in home search:
- Internet: 87%
- Real estate agent: 85%
- Yard sign: 62%
- Open house: 48%
- Newspaper ad: 47%
- Home book or magazine: 30%
Data Source: National Association of REALTORS® Profile of Home Buyers and Sellers
Here is the FMLS coverage area: