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Detached single-family homes remain the most sought-after, at 75% of recent buyer purchases. The average purchased home size was around 1,900 square feet, typically featuring three bedrooms and two bathrooms.
Seller Insights
Turning to sellers, the average age of those selling their homes reached a record high of 63 years. Interestingly, 90% of sellers utilized a real estate agent, suggesting that the services of these professionals remain vital, despite ongoing debate about their effectiveness. Moreover, a noteworthy 81% of sellers chose only one agent before concluding their search — a statistic that raises questions about the thoroughness of their decision-making.