Realtor Fees Going Up, Up, and Away
Tuesday, July 24th, 2007The following data was taken straight out of the Baron database. It compares the average time a home spends on the market (reported by our agents) versus the average final bid of listing auctions:
| Time Period | Avg Time on Market | Avg Lead Bid |
|---|---|---|
| Before 1/1/2007 | 72 days | 4.46% |
| Since 1/1/2007 | 111 days | 5.27% |
It’s quite simple when you think about it: the longer a home sits on the market, the more costs a Realtor incurs.