The two studies everyone cites
Harvard Business Review, 2011
James Oldroyd, Kristina McElheran and David Elkington audited how 2,241 U.S. companies responded to web leads. Only 37% replied within an hour, the average response took 42 hours, and 23% never responded at all. Companies that tried to contact a lead within an hour were nearly 7 times as likely to qualify it as those that waited even one hour longer, and more than 60 times as likely as companies that waited 24 hours or more.
MIT / InsideSales lead response study, 2007
Using data from six companies, over 15,000 leads and more than 100,000 call attempts, the researchers found that the odds of reaching a lead dropped about 100 times when the first call came at 30 minutes instead of 5 minutes, and the odds of qualifying it dropped about 21 times.
What to keep in mind
- The data is old. Both studies predate today's texting habits, spam filtering and call blocking. The direction (faster is better) has held up. The exact multipliers may not.
- They weren't about real estate. They covered many industries. Home buyers and sellers make larger, slower decisions, so the first reply often starts a conversation that runs for weeks or months.
- Fast isn't enough without follow-up. A quick first reply only matters if someone keeps the conversation going.
Why it matters in real estate
According to NAR's 2025 Profile of Home Buyers and Sellers, 88% of buyers used an agent or broker, 91% of sellers did, and 91% of buyers would use their agent again or recommend them. Buyers and sellers still choose a person, and the one who answers first and stays in touch has the best chance of being chosen, both now and on the next move.
A simple playbook
- Reply within minutes to every inbound inquiry, day or night, when you have consent to text or email.
- Ask two or three useful questions: timeline, area or property, and the best time for a call.
- Hand off to a person as soon as the lead is ready to talk, with the conversation summarized.
- Follow up on a schedule for leads who aren't ready, and stop the moment they reply or ask you to stop.
- Measure it: time to first reply, percent of leads reached, and follow-ups overdue.
How NuVentrec handles it
NuVentrec is in development. It's being built to send a consent-based first reply within seconds, ask the questions you choose, keep follow-up going on your schedule, and tell you when a lead is ready for you. Its dashboard will show response time from real activity. See all features.
Sources
- Oldroyd, McElheran and Elkington, "The Short Life of Online Sales Leads," Harvard Business Review (March 2011)
- Oldroyd et al., Lead Response Management Study, MIT / InsideSales.com (2007), secondary summary of findings
- National Association of REALTORS®, 2025 Profile of Home Buyers and Sellers press release (Nov. 4, 2025)