First-Time vs. Repeat Buyers:
First-time buyers: 26%
Median age of first-time buyers: 26
Median age of repeat buyers: 59
Median household income of first-time buyers: $71,000
Median household income of repeat buyers: $96,000
The typical home purchased was 1,800 square feet in size, was built in 1986, and had three bedrooms and two bathrooms.
Among those who financed their home purchase, buyers typically financed 94% of the home price.
86% of buyers purchased their home through a real estate agent or broker.
Buyers who would use their agent again or recommend their agent to others: 89%
Where buyers found the home they purchased:
Internet: 51%
Real estate agent: 29%
Yard sign/open house sign: 4%
Friend, relative, or neighbor: 10%
Home builder or their agent: 1%
Directly from sellers/Knew the sellers: 5%
Print newspaper advertisement: less than 1%
We spend our time and efforts marketing where the greatest number of buyers are searching so they find YOUR home for Sale!
Source: 2022 National Association of REALTORS® Profile of Home Buyers and Sellers