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Homebuyers in the U.S. are skewing slightly younger as mortgage rates ease and affordability improves modestly. New data from Redfin show the median age of first-time buyers fell to 35 in 2025, down from 36 in 2024 and below a recent peak of 38 in 2018. The median age of repeat buyers also declined, dropping to 47 from 52 in the previous year, which had marked a 25-year high. Gen Z's homeownership rate rose to 27.1% from 26.1% a year earlier, while millennials' rate increased

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First-time buyers grew, reflecting seasonal strength and slightly improved affordability conditions. A smaller share of buyers waived inspection and appraisal contingencies as homes remained on the market longer, creating a more balanced market in some areas. https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index