Shocking Real Estate Stats from 2021

Did you know that in 2021, 20% of home buyers were single women and less than 10% were single men? Understanding real estate statistics like this is critical in following the ever-changing real estate market.  Here are just a few more that you might find interesting:

• - 34% of home purchases in 2021 were made by first-time homebuyers.
  
  
• - There are 23,679 Realtors in WA State (make sure to interview multiple before you settle on one)
  
  
• - The typical home seller has owned their home for eight years.
  
  
• - The typical FSBO (for sale by owner) home sold for 17% less than a home listed with a Realtor
  
  
• - 92% of homes sold in the US in 2021 were sold using an agent or a broker
  
  
• - The median experience level of licensed professionals in the real estate industry is 5 years (Reece Homes has been in business for over 20 years)
  
  
• - The median number of annual transactions for a licensed real estate agent is 10 (our team closed 92 transactions in 2021)

• - In 2021 68% of home sellers reported finding their agent via a referral from friends or family.

To read more interesting statistics click HERE