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