2014 For Sale By Owner (FSBO) Statistics

For Sale By Owner (FSBO) Statistics

FSBOs accounted for 8% of home sales in 2014. The typical FSBO home sold for $210,000 compared to $249,000 for agent-assisted home sales.
FSBO methods used to market home:
Yard sign: 42%
Friends, relatives, or neighbors: 32%
Online classified advertisements: 14%
Open house: 14%
For-sale-by-owner websites: 15%
Social networking websites (e.g. Facebook, Twitter, etc.): 15%
Multiple Listing Service (MLS) website: 10%
Print newspaper advertisement: 3%
Direct mail (flyers, postcards, etc.): 3%
Video: 2%
Other: 1%
None: Did not actively market home: 25%
Most difficult tasks for FSBO sellers:
Understanding and performing paperwork: 12%
Getting the right price: 6%
Preparing/fixing up home for sale: 6%
Selling within the planned length of time: 18%
Having enough time to devote to all aspects of the sale: 6%
Source: 2015 National Association of REALTORS® Profile of Home Buyers and Sellers

Posted in FSBO Info And Advice.