It’s no surprise that homebuyers come in all shapes and sizes, approach the task of finding a home in different ways, and are seeking varied solutions to their housing needs. But taken as a whole, they share some common denominators.
- The typical buyer searched for 10 weeks and viewed 10 homes, representing a 2-week drop in search time from 2013.
- 33% were first-time homebuyers, a drop from the historical norm of 40%
- The typical first-time buyer was 31-years old.
- The typical repeat buyer was 53 years old.
- 65% of homebuyers were married couples.
- Buyers are expected to live in their homes for an average of 12 years after purchase. (According to other reports, first-time buyers stay for around 11-1/2 years, while previous owners stay15 years.)
About homes purchased
- 13% of buyers purchased multi-generation homes to accommodate children over 18 or to care for aging parents.
- 79% of homes purchased were single-family, detached homes.
About method of purchase
- 88% of purchasing buyers used a real estate agent, up from 69% in 2001.
- 88% of buyers would use their agent again or recommend the agent to others.
- 98% of buyers who used an agent considered the agent to be a useful resource.
- 92% of buyers used a mobile website or app in their home search.
Do these habits sound true with you? Are you a home buyer looking for Denver real estate? Start your search here, using our advanced website tools.