NAR Releases Profile Of Home Buyers

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Houses are selling fast. Millennials are in their prime home-buying years. And there’s a severe drought in housing supply in much of the country. Those are some of the trends identified by the National Association of Realtors in its 2017 “Profile of Home Buyers and Sellers.”

Among the findings:

• The number of weeks on market dropped to an all-time low of 3 weeks;

• Age for first-time buyers remains flat, but the age of repeat buyers continues to climb—now at an all-time high of 54;

• Married couples continue at 3-year decline, while single females increased for the 3rd year;

• The median purchase price was $235,000.     MORE

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