Hi Dave38!
According to the Ohio Association of REALTORS, 34% of homebuyers
purchase their new home between 1 and 5 miles from their previous
home.
Purchase Characteristics of homebuyers
Approximate Number of Miles New Home is from Previous Home
Number of Miles
1 to 5 34%
6 to 10 (Median) 23%
11 to 15 10%
16 to 20 9%
21 to 50 12%
51 to 100 3%
101 to 500 5%
501 to 1,000 2%
1,001 or more 2%
Ohio Association of REALTORS
2003 Profile of Ohio's Home Buyers and Sellers
http://www.ohiorealtors.org/info_center/03_buyer_seller_profile/sec2.pdf
“The National Association of REALTORS conducts its Profile of
Homebuyers and Sellers every other year. This year, The Ohio
Association of REALTORS piggybacked on the NAR profile, enabling OAR
to receive data specific to Ohio.”
Ohio Association of REALTORS
http://www.ohiorealtors.org/info_center/03_buyer_seller_profile/survey_index.html
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The 2003 NAR Profile of Home Buyers and Sellers is not freely
available. It may be purchased for $75. However, the 2000 report is
available for $5 and the 2002 is available for $25 for members and $50
for nonmembers.
Homebuying: Characteristics of Buyers and the Homes They Purchase
Homebuying: The Search Process Homebuying: The Role of Real Estate
Professionals Homebuying: Use of the Internet Homebuying: Financing
the Home Purchase Homesellers: Characteristics of Sellers and the
Homes They sell Homesellers: The Role of Real Estate Professionals
Homesellers: For Sale by Owner
http://www.realtor.org/prodser.nsf/openprod?openform&IN=186-45-03
To read the highlights of this report, click on the following link:
http://www.realtor.org/prodser.nsf/files/2003HBS_sample.pdf/$FILE/2003HBS_sample.pdf
2000 NAR Profile of Home Buyers and Sellers for $5.
http://www.realtor.org/prodser.nsf/openprod?openform&IN=186-45
2002 NAR Profile of Home Buyers and Sellers for $50.
http://www.realtor.org/prodser.nsf/openprod?openform&IN=186-45-02
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According to National Association of REALTORS (NAR), "most households
move within ten miles of their current location while 20% move at
least 50 miles."
Market Reach Communications, Inc.
http://www.perfectreach.com/faq_wwww.asp
-------------------------
From the Real Estate Center at Texas A&M University:
“The typical buyer walked through ten homes, searched eight weeks
before buying and moved ten miles from their previous residence.”
News Release No. 82, August 2003
http://recenter.tamu.edu/news/82-0803.html
2003 NATIONAL ASSOCIATION OF REALTORS
http://www.realtor.org/publicaffairsweb.nsf/Pages/NewSurveyBuyersandSellers03?OpenDocument
-------------------------
According to the MAR’s study of Michigan homebuyers, 80 percent of
homebuyers that wanted to purchase a newer/bigger home, moved within
five miles away.
“Of those men and women wanting a newer/bigger home, about 80 percent
moved from within five miles away, while those moving for the purposes
of business or a job came from much farther.”
Michigan Realtor
http://www.mirealtors.com/Members/Newsstand_mr/members_newsstand_mr_jan02_homebuyers.htm
-------------------------
“Statistics show that most househunters never stray far from familiar
surroundings when they set out for pastures new. Most keep within a
five mile radius of the place where they already live. Some count
themselves particularly lucky because they discover exactly the right
property almost on their doorstep.”
Laing Homes
http://www.lainghomes.com/news/news-sep1-berko.htm
-------------------------
According to Reality Times, most buyers purchase within 50 miles of
their present home.
“But the reality is that less than eight percent of homebuyers are
relocating from out of town. Most buyers purchase within 50 miles of
their present home. In other words, real estate is a local event. What
Realtors need and want are ways to drive customers to them locally.”
Realty Times
http://realtytimes.com/rtapages/20010108_leads.htm
-------------------------
Ninety percent of homebuyers purchase within 50 miles of their old
home.
“Real estate has always been a local business - over 90% of homebuyers
purchase within 50 miles of their old home.”
Informedia Group, Inc.
http://www.informediagroup.com/qn/qn.asp?aID=260
-------------------------
The typical buyer bought their home 7.5 miles from their previous
home; first-time homebuyers moved 7.2 miles, repeat buyers moved 7.8
miles
Wisconsin REALTORS® Association
http://www.wra.org/online_pubs/wr0503/wr0503_inside_wra.htm
The typical buyer bought their home 8 miles from their previous home.
2003 NATIONAL ASSOCIATION OF REALTORS
http://www.nvar.com/homepagecontent/buyersandsellers.pdf
-------------------------
From a survey by the National Association of Estate Agents in the UK:
50% of buyers move within a five mile radius
70% of buyers move within a 15 mile radius
14% of buyers move more than 100 miles away
“When it comes to moving house, the majority of people like to stay
close to home - so says the largest organisation representing estate
agents in the UK. A survey of members by the National Association of
Estate Agents (NAEA) reveals that around 50 percent of buyers tend to
move within a five-mile radius and 70 percent within a 15-mile radius.
Only 14 percent move more than 100 miles away.”
On The Move Limited
http://www.themovechannel.com/sitefeatures/news/may/may22c.asp
-------------------------
In the UK the most popular distance of homebuyers is 11-20 miles away:
“Great news for removals companies today, as new research released by
the Woolwich showed that home buyers are moving further than ever
before. However, for most people, moving house doesn't exactly mean a
long haul, with the most popular distance still only being 11 - 20
miles.”
“The most popular distance to move is between 11-20 miles.”
“The number of people moving more than 50 miles has more than doubled
from last year, from 7 percent in 2000 to 16 percent in 2001.”
“In 1997 people were most likely to move a distance of between six and
ten miles, showing that five years on people are more likely to move
further.”
“A quarter of homebuyers moved a distance of between one and five
miles in 1997 compared to only 1 percent in 2001.”
On The Move Limited
http://www.themovechannel.com/sitefeatures/news/june/june22c.asp
--------------------------------------------
Additional information that may interest you
--------------------------------------------
Demographics of short and long distance home buyers:
“Short-distance buyers (those who purchase within five miles of their
previous residence) have an advantage over other buyers—they typically
have an adequate grasp of the neighborhood and better access to local
sources of real estate information.”
“Results from NAR’s recent survey of home buyers and sellers indicate
that there are differences among those who purchase homes close to
their previous residence and those who purchase more than 100 miles
away from where they used to live.”
“The typical short-distance buyer is 40 years old, married with a
household income of $63,600. Results from the survey show that 45
percent of these buyers are first-time homebuyers, and usually move
either because they “wanted to own a home” (48 percent) or because
they desired more space (25 percent).”
“Long-distance buyers are typically older (46 years) than short
distance buyers. Like short-distance buyers, most are married, but the
median annual household income for long distance buyers is $10,000
higher. Nearly half of all long-distance buyers move because of a new
job or a corporate relocation. Long-distance buyers are also far more
likely than short distance buyers to move because of retirement or
because they want to be closer to their job, school or relatives.”
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Reason for home purchase, 2003
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Reason Short Long
Distance Buyers Distance Buyers
-----------------------------------------------------------------
Desire to own a home
of your own 48% 14%
Desire for more
space/larger home 25 3
Desire for less space
(children left, divorce, etc,) 7 2
Retirement 3 13
Desire to be closer to job,
school, relatives, transit 2 10
Desire for second home 1 3
New job in another area
or corporate relocation 0 46
Other/Didn't Answer 12 8
-----------------------------------------------------------------
Source:
REAL ESTATE Market Trends & Insights
Volume 10, Issue 8
August 2003
http://www.realtor.org/Research.nsf/files/aug2003sneakpeek.pdf/$FILE/aug2003sneakpeek.pdf
-------------------------
Search Criteria:
Homeowners move within * miles
* percent of homeowners move within a * mile radius
Relocation statistics
* Percent of homebuyers move within * miles
Homebuyers “5 miles” distance
National Association of Realtors
I hope you find this helpful! If anything is unclear with my answer,
please ask for clarification.
Best Regards,
Bobbie7-ga |
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