2015 National Association of Realtors Profile Highlights
Buyers
- The typical buyer was 44 years old and has a median household income of $86,100.00.
- Expected tenure in homes was 14 years.
- At 30%, the primary reason for purchasing a home was the desire to own a home of their own.
- Buyers of new homes made up 16% and buyers of previously owned homes made up 84%.
- First-time buyers made up 32% of all home buyers, down from 33% last year.
- 87% of buyers recently purchased their home through a real estate agent or broker.
- 88% of buyers would use their agent again or recommend their agent to others.
- 67% are married couples, 15% are single females, 9% are single males, and 7% are unmarried couples.
Sellers
- The typical home seller was 54 years old with a median household income of $104,000.00.
- The typical tenure in the home was 9 years.
- The most common reason for selling a home was that it was too small at 16% followed by a job relocation at 14%.
- 8% of recent home sales were FSBO sales. This is the lowest share recorded since this report started in 1981.
- Home sellers cited that they sold their homes for a median of $40,000 more than they purchased it.
- 89% of home sellers worked with a real estate agent to sell their home.*
*Courtesy of the National Association of Realtors 2015 Profile of Home Buyers and Sellers.
