For Year 2020- The Real Estate Homebuyer Profile.
For Year 2020- The Real Estate Homebuyer Profile. Buying a homer in South NJ, Homes in 08330, homes in 08234, homes in 08403, homes in 08402, homes in 08221, homes in 08226, homes in 08244, homes in 08225, homes in 08205, homes in 08201, homes in 08401, homes in 08406
*In Year 2020…
31% of buyers were 1st timers. 44% of buyers were looking to avoid major renovation issues. 18% of buyers contacted a real estate agent as the first step in the buying process. 97% of buyers looked online at homes for sale (an all-time high). Buyers searched (on average) for 8 weeks and looked at (on average) 9 homes, with 5 of them being online. 88% of buyers used a real estate agent to purchase a home. Buyers who purchased during the pandemic purchased homes with an average price of $339,400 vs. buyers who purchased before the pandemic at $270,000. 23% of buyers who purchased during the pandemic purchased a home for $500,000 or more. 12% of buyers purchased a multi-generational home. Real estate is a data and statistic-driven industry. *NAR 2020 homebuyer profile