Friday Facts February 17, 2012

FRIDAY FACTS

February 17, 2012

 

Massachusetts Home Buyer/Home Seller Survey for 2011 from the National Association of Realtors reveals the following:

 

  • The median age for home buyers is 42.  29% fell in the 25-34 range, 23% fell in the 35-44 age range, 19% fell in the 45-54 age range and 19% fell in the 55-64 age range.
  • The median age of the home seller was 51
  • 94% of buyers worked with a real estate professional
  • The household median income of buyers is $89,700
  • 43% were first time home buyers
  • 86% of home buyers were born in the United States and 14% were not.
  • 67% of home buyers were married couples, 14% were single females, 6% were unmarried couples, and 5% were “other”.
  • The race/ethnicity of buyers broke into the following percentages:  White-86%, Black-3%, Hispanic-2%, Asian-8%, Other-2%
  • The average real estate professional is a 56 year old white female who attended college and is a homeowner.
  • The average real estate professional in Massachusetts does 9 transactions/year while nationally, the average is 8 transactions/year.
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