Last year’s typical home buyer was 46 years old, and 34 percent of all buyers had children under age 18 living at home, according to data compiled by the National Association of Realtors®. Here are some of the other findings in this annual profile, which is the longest-running buyer survey in America.
· Married couples represented 63 percent of all buyers, 18 percent were single females, 9 percent were single males, and 8 percent were unmarried couples.
· Due to the lack of inventory available for purchase, sales of new homes dropped from 16 percent to 14 percent.
· The percentage of first-time buyers dipped slightly from 34 percent of all home buyers in 2017 to 33 percent in 2018.
· Among repeat buyers, 12 percent bought multi-generational homes to accommodate either aging family members or young adults over age 18.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First
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