For Sale By Owners Homes Sell for 25% Less, 2023 Report
December 19, 2022
The National Association of Realtors, NAR, puts out an annual in-depth research report on what actually causes homes to sell across the U.S., down to a percentage point. This annual report also includes information on for sale by owner homes, how many there were in the last year and how they performed versus Realtor listed homes. In 2022, a full 10% of homeowners sold their property FSBO, or for sale by owner. This was a pretty big increase from the 2021 report and most believe it is due to the ever increasing low inventory, a wildly strong sellers market, which led more homeowners to try FSBO than in previous years. Also, desperate homebuyers tried contacting more homeowners direct, that didn’t...