The following home buying stats from 1999 and 2009, were just published in this month’s Certified Residential Specialist magazine.
| % of U.S. home buyers | 1999 | 2009 |
| Bought single family home | 82% | 78% |
| Bought in suburban neighborhood | 46% | 54% |
| Began home search online | 37% | 90% |
| Married | 68% | 60% |
| Single women | 15% | 21% |
| Single men | 7% | 10% |
| Median home value | $137,600 | $172,600 |
| Median age | 39 | 39 |
Data Source: National Association of REALTORS®
The most significant change is how many more buyers start their home searches online, now reaching 90%. That number has been steadily increasing over the past 10 years.
More single people are buying homes, which I’m definitely seeing in my business, even more so than these statistics show.
I find it interesting that the median age has stayed the same. I would have guess that it would have decreased, but can think of a lot a reasons it didn’t.
{ 2 comments… read them below or add one }
I remember when I started selling real estate, I hung my licence with an online company. At that time, we were excited because about 30% of people were starting their home search on the web.
.-= Irene Hammond´s last blog ..REO/Short Sale/Normal – What’s really selling in the Phoenix area housing market =-.
Irene, It is amazing how critical the Internet has become… changes how home buyers look for and short-list homes to visit, doesn’t it?
.-= Dru Bloomfield´s last blog ..Scottsdale 101: The City and its Services =-.