2009 Real Estate Statistics

I thought my readers would like to know about some interesting real estate statistics recently released by the National Association of Realtors for the year 2009. These statistics are based on available information both nationally and for the State of Florida. The report is over two hundred pages and I selected only certain topics. If you would like to know about another real estate topic, please email info@millerrealestate.us and we will look to see if your topic of interest was shown in the report. If so, we will gladly forward it to you.

For The State of Florida (Unless So Indicated):

 

Marital Status of 2009 Home Buyers

Married Couple                      60%

Single Female                        21%

Single Male                           10%

Unmarried Couple                    8%

Other                                   3%

 

Age of First Time Home Buyer

 

18 to 24                                      9%

25 to 34                                    51%

35 to 44                                    19%

45 to 54                                    13%

55 to 64                                      6%

65 to 74                                      1%

 

Prior Living Arrangements of First Time Home Buyers

 

Rented                                     80%

Lived With Parents                     15%

Rented the Home Purchased          2%

Other                                        3%

 

Primary Reason for Purchasing a Home (top 7)

 

Desire to Own a Home                29%

Affordability                             13%

Job Related                               9%

Change in Family Situation           7%

Desire for Larger Home                7%

Retirement                                6%

First Time Homebuyer Credit         2%

 

Median Price of Home Purchased

 

Florida                                   $176,500

United States                         $185,000

Northeast                               $210,000

Midwest                                 $158,000

South                                    $175,000

West                                     $240,000

 

Size of Home Purchased

 

1000 Sq. Ft. or less                         0%

1001-1500 Sq Ft                            10%

1501-2000 Sq Ft                            32%

2001-2500 Sq Ft                            27%

2501-3000 Sq Ft                            15%

3001-3500 Sq Ft                            10%

3501-                                            6%

 

Median Square Feet   1850

 

Characteristics of Home Purchased

 

Detached Single Family Home             78%

Townhouse                                     10%

Apartment/Condo 5 or more                 5%

Duplex/Apartment 2- 4 Units                2%

Other                                              5%

 

Distance between Home Purchased and Previous Residence

 

Miles

Florida                                             14

United States                                   12

Northeast                                        10

Midwest                                          10

South                                             13

West                                              12

 

Top Five Factors Influencing Neighborhood Choice

 

Quality of the Neighborhood

Convenience to Job

Overall Affordability of Homes

Convenient to Family/Friends

Convenient to Shopping

 

Usefulness of Information Sources When Looking for a Home

 Very Useful             Not Useful

 

Internet                             81%                   2%

Real Estate Agent                81%                   3%

Home Builder                        4%                  90%

Open House                         8%                  70%

Print Newspaper                   4%                  79%

Relocation Company              9%                  68%

Home Book or Magazine          4%                  89%

Billboard                             35%                  30%

Television                           24%                  41%

Yard Sign                           47%                   7%