- 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