Home Buying Trends in 2022

 Since 1981, the Nat’l Assoc. of Realtors has published an annual report providing insight into buying and selling behaviors. Below is some interesting data on buyers from the 2022 Profile of Home Buyers and Sellers.

• First time buyers made up 26% of all buyers, down from last year’s 34% and is the lowest number in 41 years.
• The distance buyers moved from their last home to their new one increased from 15 miles to 50 miles as buyers looked to small towns and rural areas..
• 49% of buyers cited quality of the neighborhood as the most important factor in determining location.
• They typical home purchased was 1800 SF, 3 bedrooms, 2 baths, built in 1986.
• Most buyers expected to live in their home for a median of 15 yrs.
• 86% of buyers purchased their home thru a real estate agent. 89% would use their agent again or recommend their agent to others.
• 88% of buyers reported they view a home purchase as a good investment.

This is a small sample of the characteristics of home buyers in 2022. If you’d like to know how current trends and behaviors impact your goals of buying or selling, then contact me.

Contact Donna Forest: 603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com

You’ll be moving in the right direction with Better Homes & Gardens Real Estate - The Milestone Team