Before we ring in 2023, we’re taking a look back at how 2022 shaped up for first-time home buyers, by the numbers:
- The average first-time home buyer toured 24 homes in person or virtually (up from 15 in 2021).
- Half of first-time buyers said they made offers on five or more homes before winning one (respondents averaged 12 offers apiece).
- 69% say they are confident they found the best home for them in the market.
- 58% said the home search was “much more time-consuming than expected.”
