Home Buyers and Sellers Profile: Buyers by Geographic Sub Region

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Profiles of Home Buyers in Sub-regions November 5, 2010 NAR Research Contact: Sophia Stuart, Marketing Associate: [email protected] Jessica Lautz, Research Economist: [email protected]

description

This presentation, from the National Association of REALTORS®, looks at home buyers and sellers by geographical sub-region—New England, Mid-Atlantic, East North Central, West North Central, South Atlantic, East South Central, West South Central, Mountain and Pacific. It should be noted that the data presented is based on medians, which represent the typical buyer in the category and therefore, is not all encompassing.

Transcript of Home Buyers and Sellers Profile: Buyers by Geographic Sub Region

Page 1: Home Buyers and Sellers Profile: Buyers by Geographic Sub Region

Profiles of Home Buyers in Sub-regions

November 5, 2010NAR Research

Contact:Sophia Stuart, Marketing Associate: [email protected] Lautz, Research Economist: [email protected]

Page 2: Home Buyers and Sellers Profile: Buyers by Geographic Sub Region

Introduction Survey conducted with recent home buyers

who purchased a home between July 2009– June 2010

Seller information gathered from those home buyers who sold a home

Mailed 111,004 questionnaires- response rate of 7.9%

Names obtained from Experian Data in the presentation is based on medians

or the typical buyer in the category and is not all encompassing

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New England

Median Square Feet

MedianHousehold

Income$78,900

MedianAge37

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Middle AtlanticMedian

Household Income$77,800

MedianAge37

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East North Central

MedianAge37

MedianHousehold

Income$67,800

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West North CentralMedian

Household Income$63,100

MedianAge34

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South AtlanticMedian

Household Income$74,100

MedianAge40

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East South CentralMedian

Household Income$64,500

MedianAge38

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West South CentralMedian

Household Income$73,600

MedianAge40

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MountainMedian

Household Income$65,200

MedianAge42

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Pacific

MedianHousehold

Income$78,400

MedianAge40