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The aging of home buyers

The aging of home buyers

In the last decade, the median age of home buyers in America has shifted. According to data released by theĀ National Association of Realtors, repeat home buyers, in particular, are older now than they were ten years ago.

  • Since 2007, the median age of home buyers overall has been consistent at 39 years.
  • However, repeat buyers increased in age annually from 41 in 2001 to 49 in 2010.

In contrast, first-time home buyers remained relatively young.

  • From 2003 to 2006, the median age of first-time home buyers was 32.
  • In 2007, the median fell to 31.
  • From 2008 to 2010, the age steadied at 30.

The statistics may point to the possibility that an increasing number of homeowners are choosing to stay put longer than in years past.