I recently heard these statistics and thought they were quite interesting.
- 1999: 37% of buyers searched for a home online. 2009: 90% of buyers searched for a home online.
- 1999: median home value is $137,600. 2009: median home value is $172,600 (but not that some reports reflect that when accounting for inflation, the value hasn't changed at all this decade).
- 1999: 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
- 1999: 46% of buyers choose suburban neighborhoods. 2009: 54% of buyers choose suburban neighborhoods.
- 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
- 1999 and 2009: the median age for buyers was 39.
- 1999 and 2009: "neighborhood quality, affordability, and convenience to work and school have consistently been top priorities."
If you'd like help navigating the Real Estate waters, please give me a call.
Lorie Carroll
REMAX Equity Group
www.Search4BankOwned.com
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