Home Buyers and Sellers Profile: Buyers by Demographic Group
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Profiles of Home Buyers November 5, 2010 NAR Research Contact: Sophia Stuart, Marketing Associate: [email protected] Jessica Lautz, Research Economist: [email protected]
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This presentation, from the National Association of Realtors®, looks at home buyers by several demographic characteristics—i.e., marital status, age, first-time or repeat buyer status. It should be noted that the data presented is based on medians, which represent the typical buyer in the category and therefore, is not all encompassing.
Transcript of Home Buyers and Sellers Profile: Buyers by Demographic Group
Profiles of Home Buyers
November 5, 2010NAR Research
Contact:Sophia Stuart, Marketing Associate: [email protected] Lautz, Research Economist: [email protected]
Introduction Survey conducted with recent home buyers
who purchased a home between July 2009– June 2010
Seller information gathered from those home buyers who sold a home
Mailed 111,004 questionnaires- response rate of 7.9%
Names obtained from Experian Data in the presentation is based on
medians or the typical buyer in the category and is not all encompassing
Married with Kids
Median Square Feet
MedianHousehold
Income$87,000
Median Square Feet
2200
MedianAge36
Single FemaleMedian
Household Income$50,600
MedianAge41
Median Square Feet
1450
Single Male
MedianAge41
MedianHousehold
Income$54,900
Median Square Feet
1500
Unmarried CoupleMedian
Household Income$69,700
MedianAge30
Median Square Feet
1600
First-time BuyersMedian
Household Income$59,900
MedianAge30
Median Square Feet
1540
Repeat BuyersMedian
Household Income$87,000
MedianAge49
Median Square Feet
2000
Buyers aged 18 to 24Median
Household Income$46,000
MedianAge24
Median Square Feet
1400
Buyers aged 65 and olderMedian
Household Income$62,400
MedianAge70
Median Square Feet
1756
Buyers who Purchased Senior Housing or in an Active Adult Community
MedianHousehold
Income$61,200
MedianAge57
Median Square Feet
1400
