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SubscribeNovember 14, 2007 6:12 PM
For Sale By Owner survey shows flat market
Posted by Becky Bisbee
LAS VEGAS -- As real estate information has became ever more Web-based, sales agents voiced fears that their jobs would become obsolete.
A new survey by the National Association of Realtors, meeting here this week, has put that fear to rest.
It found that just 12 percent of this year's real-estate transactions were for-sale-by-owner, the same as last year.
Moreover, only 60 percent of those properties involved were sold on the open market. The remainder changed hands among parties who knew each other, such as family members.
The number of FSBO transactions has been declining since 1997, when a record 18 percent of all sales where transacted without a real-estate professional.
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Posted by Pete
12:03 AM, Nov 22, 2007
I wish someone besides the National Association of Realtors would come out with data on this topic. How is the NAR actually calculating this number? We've been hearing this for years, that FSBOs are flat or declining. But does the NAR count the number of flat fee MLS listings in the MLS? Those are FSBOs, and those numbers have increased significantly.