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The average age of both buyers and sellers is climbing, and first-time buyers are facing big headwinds. simona pilolla 2 / Shutterstock.com
The typical ages of homebuyers as well as sellers have increased over the past year, according to the newly released 2024 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR). The median age of first-time buyers this year was 38, compared to 35 the previous year. Repeat buyers were also older, with an average age of 61. That compares to 58 in the previous year.
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