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Buyer demographics over the Past Decade

By
Real Estate Agent with RE/MAX equity group

I recently heard these statistics and thought they were quite interesting.

  1. 1999: 37% of buyers searched for a home online. 2009: 90% of buyers searched for a home online.
  2. 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).
  3. 1999: 82% of buyers purchased detached, single family homes. 2009: 78% of buyers purchased detached, single family homes.
  4. 1999: 46% of buyers choose suburban neighborhoods. 2009: 54% of buyers choose suburban neighborhoods.
  5. 1999: 68% of buyers were married couples. 2009: 60% of buyers are married couples.
  6. 1999 and 2009: the median age for buyers was 39.
  7. 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

Comments (2)

Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

I love statistics and those are definitely some interesting ones. I can't believe the number in '99 was 37%. It seems like it was much lower.

Jan 07, 2010 07:35 AM
Lorie Carroll
RE/MAX equity group - Ridgefield, WA
REO, Short Sale Expert

Donna, I know what you mean.  It's so interesting to see the changes on how people are buying.

Jan 07, 2010 08:02 AM