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First-time vs. Repeat Buyers in 2020: Random Real Estate Stats Of The Day

First-time vs. Repeat Buyers: 

Homebuyer statistics show that first time buyers make up 31% of the population, and they tend to be younger (median age 33) than repeat home buyers who are generally older 55 years old on average. The typical house purchased by a new buyer is around 1,900 square feet with three bedrooms and two bathrooms built in 1993 for $150K or less while an experienced buyer purchases houses at double those prices! And that's your random real estate stat of the day. 



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