The typical first-time buyer was 36 years old in 2022, rising from 33 in 2021, while the typical repeat buyer age climbed to 59 years. Both are all-time highs. The typical home seller was 60 years old, an increase from 56 in 2021.
86% of buyers recently purchased their home through a real estate agent or broker, while 10% purchased directly through the previous owner. In contrast, 63% of sellers found their agent through a referral from a friend, neighbor, or relative or used an agent they had worked with before to buy or sell a home. 49% of buyers said what they most wanted was to have an agent help them find the right home. 80% of recent sellers contacted only one agent before finding the right agent they worked with to sell their home. 39% of sellers also used the same agent to purchase a home and sell their home.
12% of buyers purchased a new home.
49% of buyers cited quality of the neighborhood as the most important factor determining the location. Convenience to friends and family and overall affordability of homes were both cited at 37%. For all sellers, the most commonly cited reason for selling their home was the desire to move closer to friends and family (21%), moving due to retirement (11%), or the neighborhood has become less desirable (11%).
Whether you’re a buyer or seller, at Carl Johnson Real Estate, we customize our direct and intentional approach to each client. Call Carl Johnson Real Estate today to start a conversation about what’s most important when it comes to your next purchase or sale. 919-880-0904!
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