Home Buying in 2008

By
Real Estate Agent with Harry Norman Realtors GA#255705 NC#204194

Did you know that in 2008.....

6% of buyers purchased a home in foreclosure.

10% of recent home buyers were single males

20% of recent home buyers were single females

30 was the age of the typical first-time home buyer

34% of buyers financed 100 percent of the purchase price with a mortgage, down from 45 percent in 2007

41% of recent home buyers who were first-time buyers

60% of sellers reduced their asking price at least once

81% of buyers purchased their home through a real estate agent or broker

87% of all buyers used the Internet in searching for their home

1,825 sq ft was the average size of a typical home purchased

$74,900 was the median household income of buyers

$185,000 was the median price of homes purchased in the South

How do these figures compare to what you experienced in your market place?

 

 

Source: 2008 NAR Profile of Home Buyers and Sellers/ Georgia REALTOR Magazine

Posted by

 

Karyn Smith Woody, Realtor

 

Harry Norman Realtors

Blairsville Office- 63 Murphy Hwy - Blairsville, GA 30512

 

706-745-3000 Office

706-897-0956 Cell

 

Licensed in Georgia & North Carolina

 

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Rainer
7,924
Joshua Hagan
Century 21 Exclamation Realty - Rogers, AR

good stats, I'm curious as to the average of homes each Realtor sold last year.

Feb 04, 2009 01:53 PM #1
Rainer
81,716
David Width Jr.
Little Egg Harbor, NJ

I am also curious to what Josh was asking. Good job on posting statistics for you area. There are some really good facts in there that can help you get a target market.

Feb 05, 2009 06:23 AM #2
Rainmaker
143,959
Karyn Smith Woody
Harry Norman Realtors - Blairsville, GA

Josh and David: I would be interested to know that too. Let me see what I can find out. As soon as I do, I will post it on here. Thanks for your comments.

Feb 05, 2009 06:53 AM #3
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Rainmaker
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Karyn Smith Woody

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