Single Ladies are on the rise, and no we aren’t talking about a relationship status on Facebook. Single female buyers make up 18% of sales this year in the Real Estate market! This is the second most common buyer right behind married couples at 65%. “Solid job prospects, higher incomes, and improving credit conditions translated to continued momentum in the growing share of single female buyers,” according to the NATIONAL ASSOCIATION OF REALTORS®.
The NAR’s Report also stated,” married couple buyers continue at a 3 year decline, while single female buyers increased for the 3rd year.” Furthermore, single women purchased slightly more expensive homes than single men despite earning less. The overall share of single male buyers (7 %) remained below unmarried couples (8 %) for the second straight year.
92% of the nation’s sellers used a real estate professional, with an all-time low of 8% being For-Sale-by-Owners. There is no better time to buy and sell a home! Statistics have shown the median sale price has only increased month-over-month and there is low inventory.
If you are looking for a trusted realtor within Staten Island, New York to sell your home or help you find your next call Martino Realty. Located in Tottenville at 7448 Amboy Road Staten Island, NY 10307.
Call (718)608-9400 for more information or visit www.martino-realty.com.