- Sixty-four percent of buyers aged 65 and older purchased a single-family home with a median home size of 1,756 square feet.
- There are several reasons why buyers aged 65 and older purchased a home. Twenty-eight percent wanted to move closer to family & friends, 12% wanted to downsize to a smaller homes, and 10% moved because of their retirement.
- Ninety-two percent of buyers aged 65 and older were repeat buyers.
- Learn about the various demographics of home buyers with our 12 page Profile of Home Buyers Booklet. It contains information on first-time home buyers, repeat buyers, single females, and married couples among many others.
- Download it here
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