Who's buying homes?

The typical buyer is a young, white, married couple with no kids, according to the Realtor's study.

While singles and ethnic groups have made strides in home buying, they are still in the minority, according to the NAR. Single women make up 20 percent of all homebuyers, a number that has stayed relatively constant for the past few years. Likewise, single men comprise a constant 9 percent of buyers. African-Americans make up 7 percent of the home-buying populace; Hispanics and Latinos are 6 percent, and Asians and Pacific Islanders are 5 percent, according to the study.

Buyer incomes are moving up. At least half of last year's buyers had a household income that topped $74,000, according to the group's numbers.

The average cost of what they're buying falls somewhere in the $200,000-plus range. Last year, the median home price was $215,000 (meaning half of buyers paid more and half paid less), according to the Realtors.

First time buyers take out mortgages for $202,265 on average, according to numbers from the Mortgage Bankers Association, or MBA. Repeat buyers sign on for an average of $233,433.

For more information on buying check out here.