The median age of homebuyers has reached an all-time high, with first-time buyers now averaging 38 years old and repeat buyers averaging 61 years old.
The U.S. housing market is increasingly skewed towards repeat buyers, who now make up 76% of the market due to high entry barriers for first-time buyers.
Factors like elevated mortgage rates and stagnant wages have forced first-time buyers to be a decade older than previous generations, now earning significantly higher incomes.
Since 2020, the median age of homebuyers increased sharply, rising by 11 years overall, with a notable 5-year jump among repeat buyers during this timeframe.
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