Survey Results of 2009 Homebuyers & Sellers

• 47% of recent home buyers were first-time buyers
• Typical first-time home buyer was 30 years old while typical repeat buyer 48
• Typical home purchased was 1800 SF and built in 1991
• 78% home buyers purchased a detached single-family home
• Typical home buyer searched for 12 weeks and viewed 12 homes
• 77% of buyers used a Real Estate Agent
• 10% buyers purchased a home in foreclosure, up from 3% in 2008
• 92% buyers financed their recent home purchase
• 85% sellers used a Real Estate Agent to sell their home
• Recent sellers typically sold their homes for 95% of the listing price
• 60% sellers reported reducing their asking price at least once