Home Buyer Statistics

Active home search (median):
      Number of weeks searched: 10
      Number of homes seen: 10

First-Time vs. Repeat Buyers:
      First-time buyers: 41%
      Repeat buyers: 59%
      Median age of first-time buyers: 30
      Median age of repeat buyers: 47

Buyers who definitely would use same agent again: 70%

Actions taken as result of Internet home search:
       Drove by/viewed a home: 77%
      Walked through a home viewed online: 63%
      Found agent used to search/buy home: 27%

Information sources used in home search:
       Internet: 87%
       Real estate agent: 85%
      Yard sign: 62%
      Open house: 48%
      Newspaper ad: 47%
      Home book or magazine: 30%

Source: 2008 National Association of REALTORS® Profile of Home Buyers and Sellers

As in the real estate, the use of the internet and specifically, social networking sites will be our source of information. Information and connection to others with mutual professional interests are expanded exponentially through consistent participation on LinkedIn. Regardless of your business or professional background, you must stay ahead of the technological wave.