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Thursday, May 12, 2011

Home Buyer Statistics by NAR!

Home Buyer Statistics

Active home search (median):

  • Number of weeks searched: 12
  • Number of homes seen: 15

First-Time vs. Repeat Buyers:

  • First-time buyers: 50%
  • Repeat buyers: 50%
  • Median age of first-time buyers: 30
  • Median age of repeat buyers: 49

Buyers who definitely would use same agent again: 65%

Actions taken as result of Internet home search:

  • Walked through a home viewed online: 45%
  • Found agent used to search/buy home: 29%
  • Drove by/viewed a home: 21%

Information sources used in home search:

  • Internet: 74%
  • Real estate agent: 69%
  • Yard sign: 22%
  • Open house: 12%
  • Newspaper ad: 9%
  • Home book or magazine: 6%

Source: 2010 National Association of REALTORS® Profile of Home Buyers and Sellers

Jessica Petrucco
REALTOR®
Century 21 Keysearch
305-304-3256
REALTOR® Florida Keys