April 7, 2025

Baby Boomers are Driving the Housing Market

The National Association of Realtors’ 2025 Homebuyers and Sellers Generational Trends report showed that baby boomers have overtaken millennials as the largest group of homebuyers, making up 42% of purchases in the past year. Millennials’ share dropped to 29%, while Generation X remained steady at 24%.

Younger buyers, particularly millennials, relied more on financing and family support for down payments. First-time homebuyers decreased from 32% to 24%, with younger millennials (71%) leading this category. Meanwhile, older millennials are increasingly repeat buyers, purchasing larger homes with bigger down payments.

Generation X buyers had the highest median household income at $130,000, followed by older millennials at $127,500. Multigenerational home purchases rose to 17%, with Gen X leading at 21%, often accommodating aging relatives or adult children.

Generation Z remains a small segment (3%) but had the highest percentage of single-female buyers at 30%. Most homebuyers (88%) worked with a real estate agent, with younger millennials (90%) being the most likely to do so.

On the selling side, baby boomers dominated with 53% of all home sales. Homes typically sold for 100% of the final list price, and younger millennials often achieved higher returns, with 27% selling for 101%-110% of the list price.

Source : https://bit.ly/4cgVKWL

By: Jon Iacono
A Family

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