New Survey Profiles Middle Tennessee Home Buyers

Posted Jan 29, 2007 @ 5:03 pm, Viewed by 480 Visitors, Read 481 Times.

The Greater Nashville Association of REALTORS released a study last week that indicates typical home buyers and sellers in Middle Tennessee are older but more high-tech than the rest of the nation. GNAR commissioned the research through the National Association of
REALTORS.

       The research showed 69 percent of recent home buyers used the Internet frequently to search for homes. That compares to the national average of 59 percent. In Nashville, the typical Internet searcher was 40 years old and visited a median of nine homes. The local home buyer that did not use the Internet to search for homes was 51 years old and saw a median of three homes.

       Greater Nashville home buyers were also a little older, on average, as compared to the rest of the country. The median age of a local homebuyer was 42 years old, compared to 41 nationally and only 38 in the Midwest. Among first-time buyers, the median age was 30 in
the region compared with 32 nationally. The median age of people selling their home was 49.
      
      

To see other survey findings, go to:
       http://www.gnar.org/news.htm
       ...and click on "GNAR Research".

 

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Memphis

Memphis Ed Pierce: Full time Realtor and Default Services Manager for six affiliate offices in the Greater Memphis area. Real estate is more than a business, it is a hobby and passion for me. Read More

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