ShareThisCheck Out These Statistics From The National Association of REALTORS!
The National Association of REALTORS does a study every year on people who bought or sold real estate.
Characteristics of home buyers
41% of recent home buyers were first-time buyers.
The typical first-time home buyer was 30 years old, while the typical repeat buyer was 47.
The 2007 median household income of buyers was $74,900. The median income was $60,600 among first-time buyers and $88,200 among repeat buyers.
20% of recent home buyers were single females, and 10% were single males.
For 2/3 of home buyers, the primary reason for the recent home purchase was the desire to own a home.
Characteristics of homes purchased
New home purchases were 21% of all recent home purchases, down from 23% a year ago.
The typical home purchased was 1825 square feet.
78% of home buyers purchased a detached single family home.
When considering the purchase of a home, commuting costs were considered very or somewhat important by 80% of buyers.
The home search process
For 1/3 home buyers, the first step was looking online for properties.
87% of all home buyers and 94% of buyers aged 25 to 44 years used the internet to search for homes.
Real estate agents were viewed as a very useful information source by 81% of buyers who used an agent in the home search process.
Home buying and real estate professionals
81% of buyers purchased their home through a real estate agent or broker. Among those who purchased a new home, this percentage increased to 54% from 50% last year.
43% of buyers found their agent through a referral from a friend or family member.
70% of buyers would definitely use their real estate agent again or recommend the same agent to others.
Leave a Comment