- 90% of all buyers used the internet to search.
- 84% of buyers reported the photos to be the most useful information
- The number one action taken after viewing a home online was to drive by or visit the home
- 47% of all buyers were first time buyers
- 62% of first time buyers reported that the primary reason for buying a home was the desire to be a homeowner, 35% of all buyers reported that as the number 1 reason.
- The median age of all buyers was 39, same as last year
- 83% of all first time buyers are under the age 44
- 62% of all buyers are under age 44
- 36% of buyers found the home they purchased through an agent, 36% found the home they purchased online, less than 3% found the home they purchased in a print ad
- 77% of buyers purchased their home with an agent
- 85% of sellers sold their home with an agent
- 39% of the mortgages were FHA loans
- 87% of buyers viewed real estate as a good investment.
- 63% of all buyers had no children under the age of 18 residing at home.
- About half of home sellers traded up to a larger size and higher priced home and slightly more than one-fifth traded down to a smaller and less expensive home.
- Recent sellers typically sold their homes for 95 percent of the listing price, and 60 percent reported they reduced the asking price at least once.
