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Archive for May, 2008

Profile of Florida Home Buyers

Tuesday, May 6th, 2008

1. The median age of Florida buyers is 43. Among first time buyers the median age is 32.
2. The 2006 median household income of buyers was $67,500.
3. 64% of buyers reported that no children under 18 would be living in the home.
4. 59% of buyers were married couples, 21% single females, 12% single males, and 6% unmarried couples.
5. 18% of buyers reported they were born outside the U.S.
6. First time buyers accounted for 38% os sales in 2007.
7. 49% of first time buyers were between the ages of 25 & 34.
8. Median income of first time buyers is $58,400.

Profile of Florida Sellers

Monday, May 5th, 2008

1. The median age of Florida homesellers is 48, and their median income is $83,900.
2. 69% of sellers are married, and 61% had no children under 18 living at home.
3. 51% of sellers are trading up to a larger home.
4. Typical sellers have owned the home for 6 years.
5. 53% of recent sellers reported that they had made improvements 3 months before putting the house on the market.
6. Recent sellers sold their houses for 96% of the listing price.
7. 79% of sellers used a sales associate or broker to help them sell.
8. 67% of sellers were very satisfied with the selling process.

Source: Florida Association of REALTORS