7 Home Buyer & Seller Market Trends to Watch

Highlights from the 2024 Profile of Home Buyers and Sellers

100% – The percentage of their asking price that sellers typically sold their property for – the highest recorded sale to list median in 22 years.

26% – More thank a quarter of home buyers paid all cash for their home purchase, an all-time high.

24% – First-time buyers’ share of the market fell to a historic low.

17% – Multigenerational households – comprising parents, adult children, siblings, and grandparents – climbed to an all-timehigh of purchases.

15% – The share of purchases that were new homes – the highest share in 17 years.

18% – The median down payment for recent buyers- the highest in more than 20 years.

1st time Median – 9% down

Repeat Buyers Median – 23% down

If you are thinking about buying or selling, contact me 267-397-6291.