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