• The median age of homebuyers in the Tampa-St. Petersburg market area is 44 years old. Among first-time buyers, the median age is 32.

• The median household income of homebuyers in Tampa Bay is $60,600, compared to $71,800 in the U.S.

• 73-percent of homebuyers here report that there are no children under age 18 residing in their home.

• 54-percent of homebuyers are married couples, 22-percent single females, 12-percent single males, and 12-percent are unmarried couples.

• First-time homebuyers accounted for 36-percent of all homes purchased in 2006.

• 53-percent of first-time homebuyers in Pinellas County are between 25 and 34 years old.

• The median income of first-time homebuyers in Pinellas County is $52,000 compared to $58,300 among all first-time buyers nationally.

• 70-percent of homes purchased in the Tampa Bay market are single family homes.

• The typical homebuyer purchases a home 18 miles from their previous residence.

• The median price of a home purchased in Pinellas County is $207,000, compared to $214,000 in the U.S.

• The typical buyer purchases a home that is 1,598 square feet in size.

• Recent homebuyers plan to live in their home a median of 6 years.

• Recent homebuyers searched for a home for a median 9 weeks and saw a median 9 homes.

• 86-percent of homebuyers use a real estate professional during their home search.

• 51-percent of homebuyers use the Internet frequently to search for homes.

• 73-percent of homebuyers purchase their home through a real estate agent.

• 85-percent of homebuyers finance their home purchase; 98-percent of first-time buyers compared to 78-percent of repeat buyers.

• Savings are the chief source of the downpayment for most first-time buyers (73-percent); 60-percent of all buyers believe that their home purchase is a better financial investment than stocks.

Source: 2007 Pinellas REALTOR® Organization
(Pinellas Suncoast Association of REALTORS®)