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It's Finally a Buyer's Market

  • Mortgage Returns
  • 3 days ago
  • 1 min read

Find out who's driving today's homebuying.

Market Perspective: Fast Facts About the Housing Market. It's Finally a Buyer's Market title text in front of an image of a couple proudly holding keys in a nice home.
Inventory is up, sellers are waiting, and Millennials and Boomers are driving the market. Sellers outnumber buyers by 34% (1.9 million Sellers to 1.5 million Buyers). Buyers have leverage: Housing inventory is at a 5-year high, up 16.7% Year over Year. New listings are at a 3-year high, up 8.6% Year over Year. 44% of homes have been on the market for 60+ days. With these conditions, sellers are more likely to negotiate on price, terms, and contingencies.
Who Are Today's Homebuyers? Boomers: 42%, Millennials: 29%, Gen X: 24%, Silent Gen: 4%, Gen Z: 3%. Baby Boomers are also the largest group of sellers at 53%. They're most likely to downsize homes. 67% of older Millennials have at least one child under 18 living at home. Millennials value home locations with short commutes. Gen X buyers are the highest earners with a $130,000 median income. Across all generations: single females made up the 2nd largest pool of buyers at 20%, compared to only 8% single males. Why buy? Millennials have a desire to own their own home. Boomers want to be closer to friends/family and have a smaller home.

Sources:

  1. Redfin, “The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall,” May 29, 2025.
  2. Redfin, "Spring Homebuying Season Sputters as Supply Jumps to 5-Year High, Existing-Home Sales Drop to 6-Month Low,” May 19, 2025.
  3. National Association of Realtors (NAR)® 2025 Home Buyers and Sellers Generational Trends Report.

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