The median price paid by foreign buyers ($219,400) is higher than the national median price. Fifty-five percent of foreign buyers paid cash compared to about 8 percent of domestic buyers, according to NAR’s study.
Buyers from 53 different countries around the world bought residential property in the U.S last year. The leading sources of buyers were Canada, Mexico, the U.K. China, Germany and France. The top sources of international visitors to Realtor.com are Canada, the U.K., Germany, Australia, Japan and Mexico.
ABOUT MOVE, INC.
Move, Inc. (NASDAQ:MOVE) is the leader in online real estate with 12.29 million monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official website of the National Association of REALTORS®; Moving.com; SeniorHousingNet; ListHub, and TOP PRODUCER Systems. Move, Inc. is based in Campbell, California.
Realtor.com®, where the world shops for real estate online, is operated by Move, Inc., (NASDAQ:MOVE) and is the official website of the National Association of REALTORS®. Ranked as the #1 homes-for-sale site, Realtor.com® currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents. It also provides REALTORS® and the home sellers they represent with the Internet’s largest real estate marketplace, reaching more than 10.0 million1 consumers in October 2010. Agents and companies have the power to customize Realtor.com® resources to maximize their brand and productivity.