Real Estate Statistics for Home Buyers and Sellers
Home Buyer Statistics
First-Time Home Buyers made up 34% of all home purchases, with a median age of 32 years old and a median household income of $75,000.
Repeat Home Buyers made up 66% of all home purchases, with a median age of 54 years old and a median household income of $97,000.
The typical home purchased was 1,870 square feet in size and was built in 1991 with an average of three bedrooms and two bathrooms.
Among those who financed a home, the average was a total of 90% of the home's value.
87% of buyers purchased a home through a Real Estate Agent a percentage that has steadily increased from 60% in 2001.
89% of buyers who purchased a home would use their Real Estate…