If you’re in the business of real estate, it’s critical to keep yourself updated with the latest stats in the industry. This will help you in marketing your property better by taking advantage of what works and what’s trending. We’ve compiled some of the most important real estate statistics to make things a little easier for you.
- The housing market in the United States is valued at $33.6 trillion. (World Property Journal)
- The price of newly-listed residences has increased by 13.5% on average. (Realtor.com)
- The power of staging: Homes that are staged sell 25% faster than those that are not.
- Homebuying power climbed by 21% between 2020 and 2021.
- The largest group of homebuyers 24% in America is Generation X (Those born between 1965 and 1979). However, older millennials (born between 1980 and 1989) account for 23% of all homebuyers.
- 50% of purchasers look for their new house online. (Realtor.com)
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- A real estate agent was used by 28% of buyers to find their house.
- YouTube is the most popular research destination for 51% of consumers.
- Keeping up with technology is one of the biggest concerns for real estate brokers, according to 48% of them.
Nowadays, the Internet plays a significant role in the real estate industry. Almost every buyer begins their search on the internet. We live in a world like this! Both buyers and real estate agents must adapt especially with these important real estate stats.
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