NAR Profile of Home Buyers and Sellers: Characteristics of Home Buyers | South Salem Real Estate

• Thirty-seven percent of recent home buyers were first-time buyers, a drop from 50 percent in 2010.
• The typical buyer was 45-years-old, a jump from 39-years-old in 2010.
• The 2010 median household income of buyers was $80,900. The median income was $62,400 among first-time buyers and $96,600 among repeat buyers.
• Sixty-four percent of recent home buyers were married couples—the highest share since 2001. Eighteen percent of recent home buyers were single females—the lowest share since 2004.
• For 27 percent of recent home buyers, the primary reason for the recent home purchase was a desire to own a home.
• For more information from the annual Profile of Home Buyers and Sellers, click here >