For most Bostonians, the location of their condo is as important as ever. According to Demand Institute 75% stated that the location of where they live is more important than the home itself.
The top reasons for moving:
1. For a safer neighborhood.
2. Closer to family
3. Closer to work
4. New job.
Nationally, as the chart above shows the average age for a first time homebuyer is 31, for repeat buyer it’s 53.
The average income for first time buyer is $68,300 and for repeat buyer its $95,000.
If you’d like more information on the Boston housing market please feel free to contact me at 617-720-5454.