Senior Spotlight: Generational Home Buying & Selling Trends
Here are 7 things Baby Boomers are doing in real estate right now.
Did you know that since 2013, the National Association of REALTORS® has compiled data and published The Home Buyers and Sellers Generational Trends Report? You can find the 2025 edition in full HERE, and a detailed overview on the NAR® website HERE.
For the purposes of our Senior Spotlight, we wanted to share 7 key statistics that delineate the general trends of how many older adults are buying and selling and why.
#1: Younger Boomers (aged 60-69) represented 26% of recent buyers, while older Boomers (aged 70-78) represented 16% of recent buyers. This means that Baby Boomers make up 42% of buyers as a whole.
#2: Primary reasons for buying are to move closer to family and friends and to downsize.
#3: Younger Boomers are more likely to purchase in a small town, while older Boomers preferred to purchase in a suburb or subdivision.
#4: Baby Boomers make up the largest share of sellers at 53%.
#5: Sellers 79 to 99 years were most likely to downsize in the size of their home.
#6: Older boomers typically owned their homes for 16 years before selling.
#7: Half of older boomers and 40% of younger boomers are purchasing homes entirely with cash.
BONUS Info: Did you know that multigenerational living in growing in popularity? Last year 14% of buyers purchased multigenerational homes; this year that figure is 17%.
We hope you enjoyed learning about the ways in which older adults impact the real estate market, and how their lifestyle choice shape their buying and selling decisions. May you know that the challenges of where to live and what size home to maintain are deeply personal choices and faced by us all.
Sending you solidarity and wishing you support as you decide how to live your best life, right now and in the years to come!
All my best,
Bobbi
Bobbi Decker
DRE#00607999
Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
Bobbi's Blog
