Home Buyer Statistics

First-Time vs. Repeat Buyers:

First-time buyers: 38%Median age of first-time buyers: 31Median age of repeat buyers: 52Median household income of first-time buyers: $64,400Median household income of repeat buyers: $96,000The 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%

via NAR Guide to Quick Real Estate Statistics for REALTORS® | realtor.org.