2016 NAR Home Buyer and Seller Generational Trends Report

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Since 2013, the National Association of REALTORS® has been writing the Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and home sellers.

2016 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.

2016 home buyers and sellers-generational trends infographic

Visit NAR's page to download the full Home Buyer and Seller Generational Trends Report.

 

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