NAR 2007 Profile of Home Buyer & Sellers

INDIANA REPORT FOR YEAR END 2007

Survey results and profiles are provided by the National Association of Realtors

The median household income of home buyers was $62,800.

The median age of home buyers was 40 years old.

Among first-time buyers, the median age was 29.

Of the home buyer surveyed:

63% were married couples
18% were single females
9% were single males
8% were unmarried couples
59% reported that there were no children under age 18 residing in the home
5% were born outside the U.S. compared to 9% nationally
36% were first time home buyers
48% of those were between 25 an 34 years old
30% reported using web sites such as MySpace, Facebook, Linkedin, and Friendster
Of these the Buyers between 18 to 24, 73% reported using social networking
19% bought new construction

The median price of homes purchased in 2007 in Indiana was $135,000 in U.S. $215,000