2018 Profile of Home Buyers & Sellers

According to the NAR’s 2018 Profile of Home Buyers & Sellers, single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home.  That being said, the typical buyer was 46 years old with a median household of $91,600.  The typical home seller was 55 years old, with a median household income of $98,800.  Happy Friday!!!

Hat tip to the NAR.