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Blog • Colorado Real Estate • Economics 101 • Friday Fun Facts • November 15, 2021

Seller Facts

by Suzanne Ekeler

Here are some fun facts about recent home sellers. This research comes from the National Association of Realtors survey of home buyers and sellers:

  • 10 years = the average time recent home sellers have lived in their home. This number has remained essentially unchanged for the last ten years. From 1987 to 2007 the average was 6 years.
  • 89% = the percentage of home sellers who use a Realtor to help sell their home. This has been trending higher over the last 20 years. In 2001, 79% of home sellers used a Realtor. As the transaction gets more and more complex, more sellers seek the help of a Realtor.
  • 75% = the percentage of home sellers who found their Realtor through a personal relationship as opposed to seeking out an agent they didn’t know.
  • 77% = the percentage of home sellers who only interviewed one Realtor for the job of selling their home.
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