Every year the National Association of REALTORS conducts a survey of recent home buyers and sellers to gain insight on the home buying and selling process.  Below are some highlights from this report about buyers last year.

• 33% of all home buyers were first^t time buyers and financed 94% of the purchase price.
• Buyers searched 10 weeks and looked at 9 homes before buying a home.
• The typical home purchased was 1850 sq. ft., 3 bedrooms, 2 baths, built in 1990.
• 93% of buyers found online websites their most useful source; photos and detailed information were an important factor.
• 89% of buyers purchased their home using a real estate agent.
• The top 3 factors influencing what buyers chose were: (1) quality of neighborhood, (2) convenience to job, and (3) overall affordability.

Sellers should be aware of how these buying traits might impact them.  For example, a house located out in the boonies with 5 bedrooms and 3000 sq. ft. doesn’t target the typical buyer – which could mean longer time on market.  Contact me if you’d like to know how these factors might impact you.  603-526-4116, www.DonnaForest.com, Donna@DonnaForest.com

Data from the NAR 2019 Profile of Home Buyers and Sellers

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