Reports Reveal

“A June 2007 survey by the National Association of Realtors (NAR) showed that 62 percent of buyers surf the ‘Net to shop for a home. Forty-one percent of all homebuyers use the Internet as a search tool, up from 37 percent in 2005 .”

Real Estate Center at Texas A&M University

News Release No. 96, August 2007

“In a new technical report written for the Real Estate Center, James Ford and Ronald C. Rutherford conclude that homes listed on the Internet take approximately 6 percent longer — about three days — to sell than houses not listed on the Internet. They also conclude that Internet-listed homes sell for about 1.4 percent more than houses not listed on the web.”

Real Estate Center at Texas A&M University

Report: Internet Homes Sell For More

Actions taken as result of using Internet (part of 2006 survey):

• Drove by and viewed a home - 72% of homebuyers
• Walked through a home viewed online- 46% of homebuyers
• Found agent used to search/buy home - 18% of homebuyers

National Association of Realtors

2007 National Association of REALTORS® Profile of Homebuyers and Sellers

More Related Statistics (part of 2006 survey):

• 78% of homebuyers who searched on the Internet purchased their homes through real estate professionals.
• Nearly 70% of all Internet-using homebuyers visited a home with a real estate agent as a result of their use of a real estate Website.
• While 86% of homebuyers say their best information source used in home searching was a Realtor, 65% indicated that the Internet played a major role in their home search.

National Association of Realtors

2006 National Association of REALTORS® Profile of Homebuyers and Sellers