Home Buyer Statistics For 2015

How old are most first-time home buyers? Do more single individuals or married couples purchase homes? How much does the average homebuyer earn on an annual basis? This week, the team at Arrowhead Title, Inc. is here to share with you some of the home buyers statistics from 2015. How do you stack up against the other buyers?

Information from the National Association of REALTORS® 2015 Profile Of Buyers and Sellers.

Characteristics of Home Buyers
  • The average home buyer is 44 years old and has a median household income of $86,100.
  • 18% of homebuyers are veterans. 
  • 3% of homebuyers are active-duty service members.
  • 13% of buyers purchase multi-generational homes to care for aging parents, to save money, and/or to accommodate children over the age of 18 who were moving back home.
  • 67% of homebuyers are married couples.
  • 15% of buyers are single females.
  • 9% of buyers are single males.
  • 7% of buyers are unmarried couples.
  • The most popular reason people cite for buying a house is simply the desire to own a home of their own.

The Home Search Process
  • On average, buyers who use the internet look at 10 different homes over a 10-week period before choosing which home they wish to purchase.
  • Buyer who do not use the internet only spend an average of 5 weeks looking for homes and visit 5 different homes.
  • 42% of buyers begin the process by searching for homes online. Only 14% start the process by contacting a real estate agent.
  • Among buyers who use the internet to aid in their home search, 87% agreed that photos and 84% agree that detailed descriptions are very helpful.
  • 78% of buyers agree that their real estate agents are useful sources of information.
  • 82% of buyers agree that website are useful sources of information.

Buying A House In 2016?

If you are thinking about buying real estate at the Lake of the Ozarks in the coming year, we hope you will keep us in mind as your trusted Lake of the Ozarks title company. We assist our clients along every step of the process, from holding the earnest money in an escrow account to conducting the title search to facilitating the closing. If you have any questions about the process, please don't hesitate to reach out to Arrowhead Title, Inc!

The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!

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750 Bagnell Dam Blvd Suite B
Lake Ozark, MO 65049


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