Every year in November, the National Association of Realtors surveys buyers and sellers about their real estate experiences. These stats are compiled and then passed out to the states. Here are some stats about Florida buyers and sellers that David and Anne-Marie Miller thought were important and relevant to anyone pursuing real estate ventures.

First, in Florida, 22% of all buyers are first-time homebuyers, compared to 34% nationally. When you consider the average age of a Florida homebuyer to be 54, with a median income of $82,000, that makes sense. Florida is known for having a high population of retirees, so many people that move to Florida to retire have already owned homes in the past. They are now looking to downsize and enjoy their retirement in some of the amazing areas that Florida has to offer.

Another interesting statistic about Florida homebuyers is that 15% of buyers purchase a multi-generational home -- which means a home with an in-law suite that senior parents can move into with their adult children. Along the same lines, 21% of homebuyers bought senior-related homes, which are homes within senior communities. Florida has a lot of great living areas all around the state that are geared for senior living, making this option very appealing for retirees. 

Additionally, buyers and sellers were surveyed about whether or not they used a realtor when selling or buying a home. Surprisingly, only 83% of homebuyers used a realtor to purchase their home. This number seems a bit low considering the fact that using a realtor when buying a home is a seller charge and does not cost the buyer anything. For this reason, it is recommended that a buyer consult a buyer specialist when purchasing a home to make sure they are getting the most for their money, especially in the Orlando real estate market.

On the other hand, 90% of homeowners selling their house used a realtor. This is not surprising since statistics show that when a seller uses a realtor to sell their home, they typically net more money then if they were to sell their home on their own. 

Hopefully, this information has made you a more informed homeowner, whether you're seeking to buy or sell your home!

For more information on this or if you need trusted realtors to represent you, feel free to Contact Us, and we would be more than happy to assist you. "Get Real Estate Smart" with The Millers!

The Miller Realty Group is a successful real estate team who provides real estate solutions for residential homeowners in the metro Orlando real estate market, including Lake Mary, Longwood, Heathrow, Sanford, Winter Park, Winter Springs, Altamonte Springs, Maitland, and surrounding cities. Founded in 2006, The Miller Realty Group has transformed themselves into one of the top real estate teams in Central Florida.