Press Release

Weichert, Realtors® Hosts More Than 100,000 Open Houses So Far This Year

6/8/2006

MORRIS PLAINS, N.J. – Weichert, Realtors® announced it has held more open houses this year from January 1 through May 31 than ever before.

 

The company said it hosted 102,641 open houses in the first five months of the year, up 28% from the same period last year and a new company record.   

               

James M. Weichert, president, said, “The Weichert Open House Program continues to prove a powerful means for exposing our sellers’ homes to potential buyers.” Describing the market as “normalizing,” Weichert said the more equitable balance between the available inventory of homes for sale and the number of buyers shopping the market makes now an ideal time to buy. He said, “There’s a good selection of homes and they can still be purchased at historically low interest rates.” 

               

Open houses are popular with buyers as a convenient way to view a home for sale. A National Association of REALTORS® survey found that 73% of all home buyers visit at least one open house as part of their home search. 

               

The Weichert Open House Program is one of the key elements of the company’s comprehensive marketing program. The company said that approximately 3 out of every 10 Weichert Open Houses lead directly to a home sale.

 

Weichert has more than 18,600 sales associates in over 415 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. For more information, call Weichert's customer service center at 1-800-USA-SOLD or visit Weichert's Web site, www.weichert.com. Each Weichert franchised office is independently owned and operated.