Half of local home buyers spend less than $200K
Scott P. Rogers
Looking at home sales in the past year we find that....
- 9% of home buyers purchased for less than $100K
- Half (51%) of home buyers purchased for less than $200K
- 83% of buyers purchased for less than $300K
- 94% of buyers purchased for less than $400K
As such, yes, only 6% of our local market is comprised of home sales over $400K.
Also, though not labeled on the graph -- 98% of home sales were under $500K. So, if you're intending to sell a home for over $500K, bear in mind that you're aiming for only 2% of the local market.
And, here's all of the data for those who are interested....
