Quick Real Estate Statistics

Looking for quick statistics for your sales meeting or a customer brochure? Need a quick fact to make your point? Member Support has compiled some of the most requested statistics for quick and easy access. Find the information that you need, as well as its source, at a glance.

Overview of the Real Estate Market

NAR Membership Statistics

Members to date: 1,334,668 as of July 2018

Number of local associations: 1,165 as of January 2018

Source: Monthly Membership Report and NAR Membership Statistics, 1908-present

REALTOR® Demographics

  • 65% percent of REALTORS® are licensed as sales agents, 21% hold broker licenses, and 15% hold broker associate licenses.
  • The typical REALTOR® is a 54 year old white female who attended college and is a homeowner.
  • 63% of all REALTORS® are female, and the median age of all REALTORS® is 54.
  • Real estate experience of all REALTORS® (median): 10 years
  • Median tenure at present firm (all REALTORS®): 4 years
  • Most REALTORS® worked 40 hours per week in 2017.
  • The median gross income of REALTORS® was $39,800 in 2017, a decrease from $42,500 in 2016.
  • Formal education of REALTORS®:
    • Some college: 30%
    • Bachelor’s degree: 30%
    • Graduate degree and above: 13%
    • Associate degree: 13%
    • Some graduate school: 6%
    • High school graduate: 8%
  • REALTOR® affiliation with firms:
    • Independent contractor: 86%
    • Employee: 5%
    • Other: 9%

Source: 2018 National Association of REALTORS® Member Profile

Statistics on REALTORS® and Technology

  • 27% of agents and 21% of brokers spent between $501 – $2,000 on technology in the last 12 months.
  • The top three tools that respondents plan on purchasing or replacing in the next year are: iPad (16%); Smartphone (15%); and digital camera (12%).
  • The most frequently used operating system is Windows 7 (38%).
  • The most popular smartphones are iPhone (52%), Android OS (45%), Blackberry (3%).
  • 91% of REALTORS® use social media to some extent.
  • The top places where REALTORS® place their listings are realtor.com®, Zillow and Trulia.

Source: 2013-2014 REALTOR® Technology Survey

Home Buyer Statistics

  • First-Time vs. Repeat Buyers:
    • First-time buyers: 34%
    • Median age of first-time buyers: 32
    • Median age of repeat buyers: 54
    • Median household income of first-time buyers: $75,000
    • Median household income of repeat buyers: $97,000
  • The typical home purchased was 1,870 square feet in size, was built in 1991, and had three bedrooms and two bathrooms.
  • Among those who financed their home purchase, buyers typically financed 90% of the home price.
  • 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.
  • Buyers who would use their agent again or recommend their agent to others: 89%
  • Where buyers found the home they purchased:
    • Internet: 51%
    • Real estate agent: 30%
    • Yard sign/open house sign: 7%
    • Friend, relative or neighbor: 6%
    • Home builder or their agent: 5%
    • Directly from sellers/Knew the sellers: 2%
    • Print newspaper advertisement: Less than 1%

Source: 2017 National Association of REALTORS® Profile of Home Buyers and Sellers

  • 78% of home buyers surveyed in NAR’s 2013 Community Preference Survey responded that neighborhood quality is more important than the size of the home.  57% would forego a home with a larger yard in favor of a shorter commute.
  • NAR’s 2013 Profile of Buyers’ Home Feature Preferences found that the feature that had the highest dollar value buyers were willing to pay more for was a waterfront property.  53% of home buyers undertook a home improvement project within 3 months of buying, typically spending $4,550 in improvement projects.

Home Seller Statistics

  • The typical home seller in 2016 was 55 years of age, had a median household income of $103,300, and lived in their home for 10 years.
  • 89% of sellers were assisted by a real estate agent when selling their home.
  • Recent sellers typically sold their homes for 99% of the listing price, and 22% reported reducing the asking price at least once.
  • The typical home sold was on the market for 3 weeks.
  • 41% of sellers who used a real estate agent found their agents through a referral by friends or family, and 23% used the agent they previously worked with to buy or sell a home.
  • Sellers who definitely would use same agent again: 67%

Source: 2017 National Association of REALTORS® Profile of Home Buyers and Sellers

For Sale By Owner (FSBO) Statistics

  • FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales.
  • FSBO methods used to market home:
    • Yard sign: 35%
    • Friends, relatives, or neighbors: 24%
    • Online classified advertisements: 11%
    • Open house: 15%
    • For-sale-by-owner websites: 8%
    • Social networking websites (e.g. Facebook, Twitter, etc.): 13%
    • Multiple Listing Service (MLS) website: 26%
    • Print newspaper advertisement: 5%
    • Direct mail (flyers, postcards, etc.): 4%
    • Video: 2%
    • None: Did not actively market home: 28%
  • Most difficult tasks for FSBO sellers:
    • Getting the right price: 15%
    • Understanding and performing paperwork: 12%
    • Selling within the planned length of time: 13%
    • Preparing/fixing up home for sale: 9%
    • Having enough time to devote to all aspects of the sale: 3%

Source: 2017 National Association of REALTORS® Profile of Home Buyers and Sellers

Other Recomm​ended Sources for Data on Real Estate:

The Economists’ Outlook blog provides insight into NAR Research’s reports and analyzes how various economic indicators affect the real estate market.

NAR’s State-by-State Economic Impact of Real Estate Activity examines real estate markets in each state and analyzes their contribution to the economy.

The Research & Statistics section of nar.realtor includes links to recent surveys and reports available from NAR.

U.S. Housing Market Conditions(link is external) is published quarterly by the U.S. Department of Housing & Urban Development, providing numerous housing market statistics from the federal government and other organizations.

The State of the Nation’s Housing(link is external), from the Joint Center for Housing Studies of Harvard University, is an annual review of housing markets in the U.S., including data on demographic trends and economic conditions.

Related Stories

- Advertisement -

Discover

Healthy Diet is Essential! But which one?

You must have spent hours pondering this question if you are one of those...

Amazing Ways Ormus Can Boost Your Health

It's hard to imagine anyone not wanting to live a happy and healthy life....

Activities to Improve Your Child’s Mental Well-being

Anyone can become a victim of mental illness. Mental illness is not confined to...

Tornado Damage and Insurance Claims

There are many factors that go into choosing the right insurance premium. People who...

Counselling & therapy?

How do you know when it is time to stop with Many people will...

4 Exterior Design Ideas That Are Perfect for Summer...

The summer is approaching and it's time to get outside and get the DIY...

Popular Categories

- Advertisement -

Comments