Are you typical?
Every year, the National Association of Realtors releases its Profile of Home Buyers and Sellers. The association released its newest profile this week, and the results are, as always, interesting.
Here are some tidbits from this year’s report:
The typical homebuyer surveyed during the period from July 2006 to June 2007 was 39 years old, boasted a yearly income of $74,000 and purchased a home costing $215,000. Buyers searched an average of eight weeks and typically visited 10 homes before purchasing their new residence.
The majority, 62 percent, of buyers were married couples, while 20 percent were single women, 9 percent single men and 7 percent unmarried couples. A total of 9 percent were born somewhere outside the United States, while 5 percent primarily spoke a language other than English.
The median age of a home seller was 45. Sellers posted an average yearly income of $89,400. Again, the majority of sellers – 75 percent – were married couples. They had lived in their houses for an average of six years and moved an average distance of 18 miles. Their homes remained on the market for an average of seven weeks, up from the six reported in the 2006 Profile of Home Buyers and Sellers.
According to the report, 89 percent of sellers said they were satisfied with the selling process. Sellers, on average, sold their homes for 97 percent of list price.
Tags: average-housing-price, National-Association-of-Realtors, Profile-of-Home-Buyers-and-SellersRelated Stories
POSTED IN: Breaking News, Buying a Property, Real Estate Tools, Road to Profits, Selling a Property
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