2012 Statistics For Sellers

Here are some recent interesting statistics that were published by the NATIONAL ASSOCIATION OF REALTORS®

• The typical national seller lived in their home for nine years. The median tenure has
increased in recent years. In 2007, the typical tenure in home was only six years. In
Maine, the median tenure is eight years.
• Eighty-eight percent of sellers were assisted by a real estate agent when selling their
home nationally, and 89 percent were assisted in Maine.
• Nationally, recent sellers typically sold their homes for 95 percent of the listing price, and
60 percent reported they reduced the asking price at least once. In Maine, recent
sellers sold their homes for 95 percent of the listing price and 60 percent reduced the
asking price at least once.
• Forty percent of sellers offered incentives to attract buyers nationally, most often
assistance with home warranty policies and closing costs. In Maine, 36 percent of sellers
offered incentives.

My brother Jack and I co-own The Real Estate Store. I grew up and live in Scarborough, ME. I became a real estate broker in 2005, but Real Estate is a family business for us. We are second generation Real Estate Brokers. My experience working with apartments and with residential construction has given me insight into cost-aware construction and green construction and design.

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