513.527.3060

Team Annett

Search More

Our Blog

Who’s buying homes in Ohio?

Posted on June 14, 2010 by tim in Buying, First Time Home Buyer, Market Update

This is the first part of an eight-segment NAR (National Association of Realtor’s)┬áreport that addresses Ohio home buying and selling processes and characteristics.

Highlights:

  • 47% of recent home buyers were first-time buyers, compared to 47% nationwide.
  • The typical first-time home buyer was 28 years old, while the typical repeat buyer was 48 years old, nationwide first-time buyers were typically 30 and repeat buyers were typically 48 years old.
  • The 2008 median household income of buyers was $67,000 this is lower than the median income of buyers nationwide which was $73,100.
  • The median income was $56,500 among first-time buyers and $81,000 among repeat buyers.
  • 20% of recent home buyers were single females, and 10% were single males. Nationwide, twenty-one% of recent home buyers were single females, and 10% were single males.
  • For one-third of recent home buyers, the primary reason for the recent home purchase was a desire to own a home..

Ohio… Summary Report Full Report

Cincinnati… Full Report

If you have any questions regarding these reports, or about the home buying/selling process please feel free to contact us at teamannett@gmail.com or 513-527-3060.


0 comments

Comments are closed.