Profile of Repeat Buyers
- The median age of repeat home buyers was 49. The median household income was $87,000.
- Seventy-nine percent of repeat buyers buyers purchased a single-family home with a median home size of 2,000 square feet.
- There are several reasons why repeat buyers purchased a home. Fifteen percent desired a larger home, 12% had to move for a job relocation, and 10% of repeat buyers wanted to move closer to family & friends.
- Learn about the various demographics of home buyers with our 12 page Profile of Home Buyers Booklet. It contains information on first-time home buyers, repeat buyers, single females, and married couples among many others. Download it here: http://www.realtor.org/prodser.nsf/products/186-45-202?OpenDocument
