Tuesday, August 12, 2014

Average Homebuyers

Curious about who the "average homebuyer" is in each region of the US? The National Association of Home Builders has some answers:

  • In the Northeast, 64% of homebuyers are married with one or two children and an average age of 46. Of 222,177 closings recorded year-to-date in 2014, 7,977 are new-home sales.
  • In the West, 63% of homebuyers are married with one or two children and an average age of 42.6. This year so far there have been 569,900 closings and 39,693 new-home closings.
  • In the Midwest, 67% of homebuyers are married with one or two children and an average age of 42.2. This year so far 15,134 new homes have been sold with a total of 421,745 closings.
  • In the South, 56% of homebuyers are married with one or two children and an average age of 40.2. This year so far a total of 963,189 homes have been sold, 87,833 of which were new homes.
There are more details, like median home prices, in the article here: Running the Region: Who Is the Average Home Buyer in Each Corner of the U.S.?

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