Industry News

More Massachusetts home sellers enlist help of Realtors

NAR study finds 39% drop in for-sale-by-owner sales last year

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A new report by the National Association of Realtors on the home buying and selling preferences of Massachusetts consumers revealed that use of a real estate professional during the home search and sale processes has risen across the Bay State in the past year, and that the public's satisfaction with the performance of real estate agents has improved as well. The 2004 Massachusetts Profile of Home Buyers & Sellers also found that the number of first-time and minority buyers purchasing homes has climbed since 2003, despite steadily rising home prices in Massachusetts. Among homeowners surveyed, the NAR study found that the use of a real estate professional to help sell the home increased 5 percent over the previous year, from 86 percent of sellers who used a real estate agent in the spring of 2003 to 91 percent of Massachusetts homeowners who used an agent to help sell their home between August 2003 and July 2004. At the same time, the number of homeowners who sold their own ho...