FSBO – For Sale By Owner

Here is some interesting data:

  • In Ohio last year, about 20% of the homes sold were sold for sale by owner. This compares to only 8% nationwide. I suspect the reason for this is the number of investor owned properties that are changing hands among investors.
  • The Ohio, the median age of FSBO sellers are 53 years of age, married and have an income of $76,600.
  • FSBO homes typically sell for less than the selling price of agent sold homes. In Ohio the median FSBO selling price was $135,000.
  • FSBO homes sold more quickly on the market than agent listed homes. This is because FSBO homes are often sold to someone the seller already knows.

Source: Ohio Association of Realtors

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