Are most sales regional/local?

hadleyFebruary 9, 2009

Does anyone know the answer to this or where to find it?

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terriks

I don't understand the question.

    Bookmark   February 9, 2009 at 9:17AM
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hadley

I'm sorry, goofy me, of course it's clear in my little head. What I mean is, do most buyers come from the same region or local area as the house they buy? Or are they coming in from out of state or across the country?

    Bookmark   February 9, 2009 at 9:25AM
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muddypond

That depends on where you are. In this area, there are some buyers coming from out of state to retire. Your area is probably different, but I suspect there are very few places where the majority of buyers are other than local. Only your local real estate people would know.

    Bookmark   February 9, 2009 at 9:42AM
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cordovamom

It also depends on what niche market your home is in. Some niche markets appeal to retirees and many of those may come from out of area. Hobby farming is another niche market where you may get people from out of area. Housing near military bases is another example of buyers being from out of the area.

    Bookmark   February 9, 2009 at 10:05AM
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triciae

Also housing near major employeers known for transferring employees frequently such as IBM in Poughkeepsie.

/tricia

    Bookmark   February 9, 2009 at 11:43AM
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berniek

We have a large military presence here which increases by the thousands every year, including dependents.
For other movements, check with moving companies or rental companies, they keep track of the state to state movements of their vans.

    Bookmark   February 9, 2009 at 12:04PM
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ncrealestateguy

Good answers above... The answer to your question is regional.
Here in Charlotte, NC, 85% of my business last year was from either the upper NE, or from Florida. (also known as halfbackers)

    Bookmark   February 9, 2009 at 4:07PM
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