“The real estate industry has seen tremendous change and evolution over the past decade,” said NAR President Vicki Cox Golder. “As the first, best source for real estate information, Realtors® have not only anticipated and adapted to the evolving needs of their clients and customers, but also have influenced industry trends and innovations that will carry us into the future.”

Do you know where buyers come from? Look at the National Associationa of REALTORS® data which corelates to our local Ann Arbor Real Estate market practice.  Over 50 percent of our closed Ann Arbor Real Estate buyer sales came as a result of buyers using eht web in 2009.

1. 1999: 37% of buyers searched for a home online. 2009: 90% of buyers searched for a home online.
2. 1999: median home value is $137,600. 2009: median home value is $172,600 (but not that some reports reflect that when accounting for inflation, the value hasn’t changed at all this decade).
3. 1999: 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
4. 1999: 46% of buyers choose suburban neighborhoods. 2009: 54% of buyers choose suburban neighborhoods.
5. 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
6. 1999 and 2009: the median age for buyers was 39.
7. 1999 and 2009: “neighborhood quality, affordability, and convenience to work and school have consistently been top priorities.”

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.