Here's a glimpse of the typical homebuyer, by the numbers:
  • Age: 39.
  • Household income: $74,000 (median).
  • Search: Takes eight weeks, sees 10 homes.
  • Location: Half of buyers want something within 13 miles of where they currently live.
  • Buys: 1,810-square-foot, single-family home.
  • Pays: $215,000 (median).
  • Down payment: 9 percent (median).
Bargaining power:
  • 36 percent pay asking price or more.
  • 37 percent pay 95 percent to 99 percent of asking price.
  • 28 percent pay 94 percent or less of asking price.
Family situation:
  • Married couples: 62 percent.
  • Single women: 20 percent.
  • Single men: 9 percent.
  • Unmarried couples: 7 percent.
  • Other: 2 percent.
Race:
  • Caucasian: 83 percent.
  • African-American: 7 percent.
  • Hispanic/Latino: 6 percent.
  • Asian/Pacific Islander: 5 percent.
  • Other: 2 percent
Numbers have been rounded to the nearest percent. Race totals more than 100 percent because some individuals fit into more than one category. For more information, Click here to read the entire article written by Dana Dratch Search all listings in Michigan with pictures and tours...Free! Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Keller Williams Realty