Open House
Welcome to Open House, a News Tribune blog on the real estate industry and its curious musings, gossip and yes, even facts and analysis.


The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.

Please send along your questions and suggestions.


No-pitching policy
Open House is a forum to read about and discuss real estate issues. It is not a place to pitch your services. That means no direct solicitation, no phone numbers and no pushing readers to your Web site or place of business.

More real estate blogs:

Rain City
Seattle area real estate blog

Seattle Bubble
Real estate and the housing bubble

The Real Estate Blog
National scope

Inman News
(National real estate news/research co. with a blog)

360 Digest
Seattle-area blog on real estate, art and politics.

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Tacoma and South Puget Sound Real Estate Blog
Wednesday, July 23rd, 2008
Posted by Devona Wells @ 11:58:26 am

A new real estate survey says home sellers remain pretty well satisfied with their agent if their home is sold in five months or less. Which is longer than I would have thought but shorter than the six months it took to sell the average home. Results of the survey, by J.D. Power and Associates, say a seller’s satisfaction averages 794 on a scale of 1,000 among those whose homes sold in five months or fewer. But the number declines to 730 if selling the home takes seven months or more.

Other tidbits of interest, according to the survey:

Prospective buyers, on average, see about 13 homes before buying.

Sellers, on the other hand, said their home was shown about 11 times, on average, with about five open houses conducted. Anyone else surprised by the number of open houses? Seems high, though I know that the down market has agents turning more often to open houses to market their listings now than they did a couple years ago.

Almost half of customers found their agents by talking to family or friends. About 28 percent used the Internet and 23 percent used an agent they’d previously hired.

J.D. Power also ranked real estate companies according to customer satisfaction and gave top honors on the buy side to Keller Williams and to Prudential for sellers. Go here for the buyer ratings and seller ratings.