As we enter February there is a sense of pent up demand on the buyer’s side of the market.
Buyers are eagerly awaiting fresh new inventory.
Sellers are busy getting their homes ready to come to market – and the sooner they do there will be less competition with the market's high demand.
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2019 Profile Highlights of Home Buyers and Sellers According to the National Association of REALTORS
First-time buyers made up 33% of all home buyers, holding steady from last year's 33%.
At 29%, the primary reason for purchasing a home was the desire to own a home of their own.
Most recent buyers who purchased new homes were looking to avoid renovations and problems with plumbing or electricity at 39%. Buyers who purchased previously owned homes were most often considering a better overall value at 33%.
There was a median of only 15 miles between the homes that recent buyers purchased and the homes that they moved from.
89% of buyers recently purchased their home through a real estate agent or broker.
41% of buyers used an agent that was referred to them by a friend, neighbor, or relative and 12% used an agent that they worked with in the past to buy or sell a home.
7 Gerard opened last night in Huntington Village. Wood fired new American cuisine with an emphasis on natural flavor and influences from around the world.