Boston Real Estate for Sale

Boston Real Estate 

Loading...

The National Association of REALTORS held their annual meeting last week. The purpose was to compile homebuyer stats. Here are some of their results:

– Four out of 10 buyers in 2011 were first time buyers, down from 50% last year;

– For first-time buyers, the median age was 31; median income was $62,400. The typical home was 1,570 square feet and cost $155,000, with mortgage and interest payments being $794.

– The typical repeat buyer was 53 years old with a median income of $96,600, up from $87,000 in 2010. The typical home was 2,100 square feet and cost $219,500, with the mortgage and interest payments being $1004.

– About 91% of buyers used the Internet and bought through a real estate agent and 70% of those who did not use the Internet used a real estate agent.

Boston Real Estate 

Loading...

Call Now