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FSBOs hit record low for third straight year

Marvin Jensen

A Utah native, with more than 28 years of experience in the real estate industry, and extensive knowledge of urban neighborhoods and resort getaways...

A Utah native, with more than 28 years of experience in the real estate industry, and extensive knowledge of urban neighborhoods and resort getaways...

Feb 8 1 minutes read

For the third year in a row, for-sale-by-owner (FSBO) transactions accounted for only 8 percent of recent home sales, the lowest share that the National Association of Realtors (NAR) has recorded in its annual Profile of Home Buyers and Sellers since the report was first released in 1981.

FSBO sales hovered between 12 percent and 14 percent from 2001 to 2008.

In addition, the share of recent homesellers who sold with an agent remained at a record high of 89 percent in the last year.

According to NAR, the median FSBO sales price rose slightly from $185,000 to $190,000 last year, compared to the median price of a home sold using an agent, which stands at $250,000...... ➡ Read More at Inman News




Source Inman News and National Association of Realtors.

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