Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.
Among all recent home buyers, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
Four percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
Among first-time buyers, 54 percent were married couples, and 67 percent of repeat buyers were married couples.
Among first-time buyers, 16 percent were unmarried couples, and five percent of repeat buyers were married couples.
Among all home buyers, 82 percent purchased a detached single-family home, eight percent purchased a townhouse/row house, four percent purchased an apartment or condo.
Eighty-seven percent of married couples, and 83 percent of unmarried couples purchased a detached single-family home.
Married couples were typically 45 years old with a household income of $106,300. They typically purchased a home that was a median of 2,070 sq. ft., for $289,000.
Unmarried couples were typically 34 years old with a household income of $88,800. They typically purchased a home that was a median of 1,630 sq. ft., for $219,000.
Single females were typically 54 years old with a household income of $61,400. They typically purchased a home that was a median of 1,550 sq. ft., for $189,000.
Single males were typically 52 years old with a household income of $73,200. They typically purchased homes that were a median of 1,590 sq. ft., for $215,000.
Fifteen percent of all buyers were influenced to choose their neighborhood based on the convenience to a vet or outdoor space for their pet. 20 percent of unmarried couples chose their neighborhood based on the convenience to a vet or outdoor space for their pet.
International Women’s Day is celebrated internationally on March 8th each year. It is a day to acknowledge the economic, political, and social achievements of women. In recognition of this day we can examine the profile of women REALTORS® using the 2017 Member Profile.
Women in Real Estate:
Women make up 63% of all REALTORS®, with 58% licensed as brokers/broker associates, and 68% licensed as sales agents.
Thirty-two percent of women members are between the ages of 50 and 59.
Women members were most likely to be married, at 67%, 18% were divorced, 9% were single/never been married.
32% of women members have completed some college.
30% hold a Bachelor’s degree, 13% hold an Associate’s degree, and 11% hold a Master’s degree/MBA/law degree.
Real Estate Career:
For 76% of women members, real estate is currently their only occupation.
60% of members who have been active as a real estate professional for 16 or more years are female.
In a typical work week 51% of women members work 40 hours or more.
Only 4% of female members have cited real estate as their first career.
Some of the previous occupations help by women members include: