More buyers and sellers are using realtors!
You might think that with the internet and technology tools, more sellers and buyers would buy and sell homes on their own. However, realtors have value and knowledge that technology and tools do not offer. As such, there has been an increase to more buyers and sellers using Realtors according to figures released by the National Association of Realtors (NAR).
The share of recent homesellers who sold with an agent remained at a record high of 89 percent in the last year, and a record-high share of those professionals provided a broad range of services.
A record 83 percent of recent homesellers worked with an agent who provides a “broad range of services and management of most aspects of a home sale.”
Nearly 88 percent of recent homebuyers purchased a home through an agent, up from 87 percent in 2015 and down just 1 percentage point from a record high of 89 percent in 2011 and 2012.
For more information on what Realtors provide, read the 7 reasons you should work with a realtor blog!