Home Buyer Median Statistics

Home Buyer  Average Search:

• Number of weeks searched: 10
• Number of homes seen: 10

First-Time vs. Repeat Buyers:

• First-time buyers: 41%
• Repeat buyers: 59%
• Median age of first-time buyers: 30
• Median age of repeat buyers: 47
• Buyers who definitely would use same agent again: 70%

Actions taken as result of Internet home search:

• Drove by/viewed a home: 77%
• Walked through a home viewed online: 63%
• Found agent used to search/buy home: 27%

Information sources used in home search:

• Internet: 87%
• Real estate agent: 85%
• Yard sign: 62%
• Open house: 48%
• Newspaper ad: 47%
• Home book or magazine: 30%

Source: 2008 National Association of REALTORS® Profile of Home Buyers and Sellers