Median Age of Home Buyers: 2001 – 2010

The typical age of home buyers has remained at 39 years of age since 2007.

However, when looking closer there are differences among first-time home buyers and repeat home buyers.

The age of first-time home buyers fluctuates with household affordability. From 2003 to 2006, during the housing boom, younger buyers had a more difficult time entering the market and the typical age rose to 32. In 2007, the typical age of first-time home buyers fell to 31 and from 2008 to 2010 the typical age has remained at 30.

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Randy Ramadhin

Randy Ramadhin

CENTURY 21 People's Choice Realty Inc., Brokerage*
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