Recent FSBO.com Survey results
Here are the numbers from FSBO.com’s most recent survey to our past seller’s.
42% SOLD their property while listed on FSBO.com
Average Days on Market was 93
Properties sold for 96% of list price
Average amount saved on real estate commission was $10,233
Here is the breakdown by region (all numbers are averages)…
| Area |
DOM |
List Price |
Sold Price |
% to List Price |
Comm. Saved |
| MIDWEST |
96 |
$ 186,825 | $ 180,189 |
96% |
$ 10,155 |
| NORTHEAST |
71 |
$ 468,632 | $ 453,559 |
97% |
$ 15,399 |
| SOUTHEAST |
110 |
$ 217,890 | $ 207,337 |
95% |
$ 8,679 |
| SOUTHWEST |
47 |
$ 243,800 | $ 232,400 |
95% |
$ 8,980 |
| WEST |
33 |
$ 309,817 | $ 306,167 |
99% |
$ 8,617 |
| TOTAL |
93 |
$ 251,449 | $ 241,819 |
96% |
$ 10,233 |
| Key for Regions |
| Midwest (States-IL,IN,IA,KS,MI,MN,NE,ND,OH,SD,WI) |
| Northeast (States-CT,DE,DC,ME,MD,MA,NH,NJ,NY,PA,RI,VT) |
| Southeast (States-AL,AR,FL,GA,KY,LA,MS,MO,NC,SC,TN,VA,WV) |
| Southwest (Sates-AZ,NM,OK,TX) |
| West (States-AK,CA,CO,HI,ID,MT,NV,OR,UT,WA,WY) |
DOM = Days on Market
February 13th, 2008 at 4:07 pm
[…] unknown wrote an interesting post today onHere’s a quick excerptHere are the numbers from FSBO.com’s most recent survey to our past seller’s. 42% SOLD their property while listed on FSBO.com. Average Days on Market was 93. Properties sold for 96% of list price. Average amount saved on real estate … […]
February 14th, 2008 at 4:04 pm
It appears that the FSBO market did not do so bad and got close the the asking price. 93 days that not so bad!
February 15th, 2008 at 1:15 pm
Due to subprime issues and watching the markets fall isn’t something we like to see at all, but this is really only in certain parts of the country. The North East is still doing pretty well. I live in an area where million dollar homes are still selling pretty well for what they are asking.
I do however have an idea on how to increase FSBO’s exposure to customers and potential buyers. I have tried to contact FSBO, but I never seem to get a response. Hopefully the CEO will be more inclined to listen.
February 18th, 2008 at 5:06 pm
As you can imagine, FSBO.com gets contacted with many great ideas. It is sometimes difficult to keep up, and get back with all of them. Simply send an email to mike@fsbo.com and we will discuss it further. Please note that we are in the middle of a site redesign, and will have to hold off on taking any action until after the launch of the new site.
May 9th, 2008 at 4:57 am
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May 15th, 2008 at 5:20 pm
survey dollar…
Your post was great, I totally agree….