Thursday, November 19, 2020

For-Sale-by-Owner (FSBO) Sellers: 2020 Profile of Home Buyers & Sellers

 

HIGHLIGHTS 
For-Sale-by-Owner (FSBO) Sellers:

  • Only eight percent of recent home sales were FSBO sales this year. This remains close to the lowest share recorded since this report started in 1981. 

  • The median age for FSBO sellers is 57 years.

  • Sixty-four percent of FSBO sales were by married couples that have a median household income of $96,700. 

  • FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 last year (up from last year), and significantly lower than the median of agent-assisted homes at $242,300. FSBO homes sold more quickly on the market than agent-assisted homes. Seventy-seven percent of FSBO homes sold in less than two weeks—often because homes were sold to someone the seller knows. 

  • Eighty-one percent of successful FSBO sellers who knew the buyer were very satisfied with the process of selling their home.

https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#homebuyers

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