Sunday, December 11, 2005

California Association of Realtors 2005 Survey of Home Sellers

The CAR has released the results of their 2005 Survey of Home Sellers, which was conducted in the second quarter of 2005.

Some key findings:
". The share of sellers using the Internet surpassed 50 percent for the first time ever, rising from 47 percent in 2004 to 57 percent in 2005.

. Sellers used the Internet mainly to research comparable prices, get current information on the neighborhood, and to find an agent. However, 97 percent of all sellers used an agent to assist them in the home selling process.

. Sellers sold their home primarily because they wanted a larger home or a better location. However, market conditions influenced their decision to sell, especially low interest rates.

. While sellers increasingly obtained information about the market from the Internet, they continued to rely on the experience and expertise of real estate agents who guided them through the home transaction."

To read more: Survey of Home Sellers

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