Showing posts with label homebuyers. Show all posts
Showing posts with label homebuyers. Show all posts

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.?