NAR 2010 HomeBuyer/HomeSeller Stats

[Ben J. Gromicko]

Statistics just released by NAR....

2009-2010 homebuyers in NY, PA and NJ are:

• 37 years old;
• 57% of them are first-timers;
• 85% of them use an agent; and
• 90% bought an existing, single-family home.

First-time buyers are:

• 30 years old;
• they purchase mostly single-family homes (74%);
• they work with an agent (84%); and
• they purchase a house sized around 1,540 square feet.

If you know your potential client, you can adjust your marketing to serve them well.