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Home Buyer Statistics

First-Time vs. Repeat Buyers:First-time buyers: 35%Median age of first-time buyers: 32 Median age of repeat buyers: 52 Median household income of first-time buyers: $72,000 Median household income of repeat buyers: $98,000The typical home purchased in 2015 was 1,900 square feet in size, was built in 1991, and had three bedrooms and two bathrooms.Among those who financed their home purchase, buyers typically financed 90% of the home price.88% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.

Source: 2016 National Association of REALTORS® Profile of Home Buyers and Sellers

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