Repeat Home Buyers in 2014

Earlier, I gave some insight to what first time home buyers looked like in 2014.  Click here for this blog entry.  We are now going to explore what the average repeat buyer looked like in 2014.

• The average age for a repeat buyer was 53. 
• The median income of repeat buyers was $95,000 which compares to the median income of all buyers: $84,500.  
• 84% of repeat buyers financed their home. 

Repeat Buyers Marital Status

Children in Repeat Buyer's Household

Reason for Purchasing a Home

Source:  2014 NAR Profile of Home Buyers and Seller