• From 1991 to 2011 the share of home sellers who used a real estate agent or broker to sell their home increased from 77 percent to 87 percent.
• Over the same time period, the share of sellers who sold their home as For-Sale-By-Owner decreased from 19 percent to 10 percent.
• Sellers use real estate professionals to help them sell their home in a reasonable timeframe, to market their home to potential buyers, and to price the home competitively.
• The video below has the NAR Manager of Member and Consumer Survey Research, Jessica Lautz, reporting the highlights of the latest Home Buyer and Seller Profile, including demographic data, share of first-time home buyers, and what has changed since the 2010 Profile.