How many buyers are first-timers? – Texas REALTORS®-2021十大正规彩票app

December 01, 2023

The share of first-time homebuyers in the U.S. rebounded to 32% of all home purchasers, up from 26% the previous year, according to NAR’s 2023 Profile of Home Buyers and Sellers. That 26% share marked the lowest percentage of first-time buyers since the report’s inception in 1981.

Other highlights from the report, which surveyed buyers and sellers who had a transaction between July 2022 and June 2023:

89% of buyers used a real estate agent to purchase a home

6% purchased the home directly from the previous owner

Median distance moved from last residence fell from 50 miles to 20 miles

65% of sellers found their agent from a referral by a friend or family, or previously used that agent

87% of sellers would definitely or probably recommend their agent for future services

7% of home sales were FSBO sales, matching an all-time low from 2021.

A summary of the 2023 Profile of Home Buyers and Sellers is available on nar.realtor, while members can purchase the full report for $19.95. Look for results from the next Texas Profile of Homebuyers and Sellers in a future issue of Texas REALTOR®.

Legal Disclaimer

Texas REALTORS® provides content through various online platforms, including this blog. By interacting with any of our blog posts, you agree to comply with the following terms and conditions:

a. You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments);
b. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory; and
c. You will not post content or take any action on our blog posts that infringes someone else’s rights or otherwise violates the law.
d. You will not post any information intended to sell or advertise a business, product, or service.

Texas REALTORS®, in its sole discretion, reserves the right to remove any content you have uploaded, posted, or submitted onto any of our blog posts if we believe that it violates these terms or conditions.

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While Texas REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, Texas REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here. Any legal or other information found on this page or at other sites to which we link, should be verified before it is relied upon.