Currently Reading

Virtual Bests In-Person Visits


Virtual Bests In-Person Visits

Facing a super-fast housing market, buyers skip open houses and in-person visits in order to get a jump on the competition

By Mike Chamernik, Associate Editor July 27, 2017
Sign for an open house
This article first appeared in the August 2017 issue of Pro Builder.

Current housing market conditions, along with new technology, are making people more comfortable with buying a home virtually.

A recent Redfin survey found that 33 percent of respondents who bought a house within the last year did so without making an in-person visit, up from 19 percent a year ago. Millennials led the charge. Some 41 percent skipped an in-person visit, compared with 30 percent of Gen Xers and 12 percent of Baby Boomers. The survey used responses from 3,350 U.S. residents across 11 metro areas.

Buyers aren’t skipping visits because of laziness. Rather, they need to act quicker than ever before because of the nation’s inventory shortage. The typical home went under contract in just 37 days in May, the shortest time ever recorded and seven days faster than a year ago, according to Redfin data.

Plus, buyers can now get a good sense of their prospective homes via a screen, with real estate agencies beginning to dabble in 3-D photography and virtual reality to create an accurate impression of the look and feel of a home.

Related Stories

New Urbanism

Major Cities Reporting More Turnover From Post-Pandemic Rental Preferences

Remote work opportunities and rental options are causing new migration patterns among professional adults

Market Data + Trends

High-Income Millennials Are Flocking to the Rental Market

Why would-be homebuyers are taking the rental route instead


Housing Markets

The Top 12 Housing Markets of 2022

National Mortgage News unveils the hottest housing markets of the new year


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.