Home Buyer and Seller Generational Trends

Highlights

  • At 35 percent, buyers 35 years and younger continue to be the largest generational group of home buyers with a median age of 30 years old.

  • First-time buyers made up 32 percent of all home buyers, down from 33 percent last year.

  • Sixty-seven percent of buyers 35 years and younger were first-time buyers, followed by buyers 36 to 50 years at 26 percent.

  • The most common type of home purchased continues to be the detached single-family home, which made up 83 percent of all homes purchased.

  • Eighty-nine percent of Millennials, 87 percent of Gen X buyers, and 85 percent of Younger Boomers purchased their home through an agent.

For the full report click here

 


Please contact us  to help you to sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities.

Make it a great day!

Jeff

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