2006 Long Island, New York Profile of Buyers and Sellers- Suffolk County

A few interesting facts about Suffolk County, New York, buyers and sellers, as reported and prepared by the National Association of Realtors Research division, for 2006 (an excerpt):

General characteristics: median age: 42. First time buyer median age: 39. Median income:$95,300.00. First time home buyer median income: $86,900.00.

Characteristics of homes purchased: 61% were single family homes. Median sales price: $455,000.00 Typical size of home purchased: 1939 square feet

The home search process: Typical buyers searched for a median 10 weeks and saw a median 10 homes. 81% used a real estate professional during their home search. 46% of buyers used the internet to search for homes. 52% of buyers rated real estate agents as a very useful information source with an additonal 32% rating them as somewhat useful.

35% will definitely use their agent again; 33% will probably use their agent again. 56% reported that they were "very satisfied" with the honesty and integrity of their agent. Buyers searched for a median of four weeks on their own before contacting an agent. 91% ranked honesty and integrity as "very important".

Where Buyer Found the Home they Purchased, 1997-2006: real estate agent: 41%. Internet: 12%. Yard sign: 11%. Print/newspaper ad: 12%. Friend, relative or neighbor: 12%. Directly from sellers/knew sellers: 8%. Home book or magazine: 0%.

MORE GOOD INFO TO COME!