Some characteristics of Minnesota home buyers:

• Median age of all home buyers was 36 years old. For first-time buyers, the median age was 28.
• Household income of home buyers was $69,300.
• 69 percent of home buyers said there were no children under 18 residing in the property.
• 56 percent of home buyers were married couples, 24 percent single females, 11 percent single males and 9 percent were unmarried couples.
• 6 percent of home buyers were born outside of the U.S., compared with 9 percent nationally.
• First-time home buyers accounted for 42 percent of homes purchased in 2007.
• 66 percent of first-time home buyers were between 25 and 34 years old.
• 30 percent of buyers use social networking websites (e.g., Myspace, Facebook, Linkedin).
• Among home buyers aged 18 to 24, 59 percent reported using social networking sites.
• 19 percent of homes purchased were new construction.
• 64 percent of homes purchased were detached single-family.
• The typical home buyer purchased a home 14 miles from their previous residence.
• The median price of homes purchased was $221,900 compared to $215,000 in the U.S.
• The typical buyer purchased a home that was 1,850 square feet in size.
• Recent homebuyers plan to live in their home a median of 10 years.
  
  Source: Minnesota Association of REALTORS®