Homebuyers and sellers using a real estate professional 94% of the time

On Thursday, February 9, we released the results of our 2011 Profile of Massachusetts Home Buyers & Sellers Report. The study found that 94% of both home buyers and sellers worked with a real estate professional in the buying or the selling of their home in 2011. One of the most interesting facts we found was that despite what is being reported in terms of the high number of foreclosures and short sales, only 3% of sellers cited not being able to afford their home as a reason to sell.

Some other highlights include:

  • Primary reason to buy a home? Top answer (36 percent) “desire to own a home”
  • 19 percent of buyers were single females vs. 11 percent single males
  • Median age of a first-time home buyer was 32
  • Median age of a home seller was 51

Check out the release here which includes more data: 2011 Massachusetts Home Buyer & Seller Report News Release

If you are a member of the Massachusetts Association of REALTORS(R) you can download the Executive Summary and Full Report here: REALTOR(R) access to report

About the Study:
The data is from the 2011 Massachusetts Profile of Home Buyers & Sellers, compiled by the National Association of Realtors® (NAR), on behalf of the Massachusetts Association of REALTORS® (MAR).