Highlights of a recent study of home buyers and sellers

Happy Friday!

Hands house

Each year, the National Association of Realtors (NAR) surveys recent home buyers and sellers to gather information about demographics and experiences people have with the housing market.

Here are the highlights of the 2013 Profile of Home Buyers and Sellers courtesy of NAR and Realtor.org:

* Sixty-six percent of recent home buyers were married couples—the highest share since 2001.

* For 42 percent of home buyers, the first step in the home-buying process was looking online for properties and 14 percent of home buyers first looked online for information about the home buying process.

Couple house

* The use of the Internet in the home search rose slightly to 92 percent.

* The typical home buyer searched for 12 weeks and viewed 10 homes.

* Eighty-eight percent of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.

Agent house

* Eighty-eight percent of sellers were assisted by a real estate agent when selling their home.

* Two-thirds of home sellers only contacted one agent before selecting the one to assist with their home sale.

* The share of home sellers who sold their home without the assistance of a real estate agent was nine percent. Forty percent knew the buyer prior to home purchase.

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