2019 Profile of Home Buyers
Highlights from the 2019 Profile of Home Buyers annual survey conducted by the National Association of Realtors®. According to the survey, a typical home buyer in 2019 was 47 years old with a median household income of $93,200. Of all home buyers surveyed, 33% reported to purchase a home for the first time which is the same as the 2018 percentage.
Reason To Purchase A Home
- 29% stated the primary reason is the desire to own a home of their own
Reason To Purchase Multi-Family Home
12% of home buyers in 2019 purchased a multi-generational home for three primary reasons:
- to take care of aging parents
- for children 18+ years moving back home
- for cost savings
Relationship Status
- 61% married couples
- 17% single females
- 9% single males
- 9% unmarried couples
New or Resale Home Purchase
- 13% of home buyers in 2019 purchased a brand new home; 39% of these buyers stated a primary reason was to avoid renovations and problems with plumbing or electricity
- 87% of home buyers in 2019 purchased a previously-owned home; of these 33% reported a “better overall value” was their primary consideration
Data Source: National Association of Realtors® 2019 Profile of Home Buyers and Sellers
To learn more about my Home Buyer Agent services contact me to schedule a Home Buyer Consultation. Primary service areas are Cambridge, Arlington, Belmont, Medford, and Somerville MA.
About Tamela Roche, Realtor® – RE/MAX Destiny
House Rules – Tamela Roche YouTube Channel
