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A recap of first-time home buying in 2022

November 29, 2022 • 
Opendoor
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Young family sits at kitchen table to eat pizza.

Despite the time, emotional energy + effort it takes, the dream of home ownership hasn’t waned for newcomers.

Photo provided by Opendoor

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.”

See the lessons learned.*

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