Interesting home-buyer stats!

More Buyers are using Realtors!

 

Home Buyer Statistics

  • First-Time vs. Repeat Buyers:
    • First-time buyers: 38%
    • Median age of first-time buyers: 31
    • Median age of repeat buyers: 52
    • Median household income of first-time buyers: $64,400
    • Median household income of repeat buyers: $96,000
  • The typical home purchased in 2013 was 1,900 square feet in size, was built in 1992, and had three bedrooms and two bathrooms.
  • Among those who financed their home purchase, buyers typically financed 90% of the home price.
  • 88% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.
  • Buyers who definitely would use same agent again: 73%
  • Information sources used in home search:
    • Real estate agent: 89%
    • Yard sign: 51%
    • Mobile of tablet website or application: 45%
    • Open house: 45%
    • Mobile or tablet search engine: 42%
    • Print newspaper advertisement: 23%