The Age of Buyers is Skyrocketing, per NAR Economist

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

..... the median ages of repeat buyers has risen from 36 in 1981 to 55 in 2019!

 

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Original content by Lottie Kendall CA DRE# 01215160

The National Association of Realtors shared information from Dr. Jessica Lautz, Vice President of Demographics and Behavioral Insights at NAR, regarding the ages of buyers.

In short, buyers' ages have jumped from a median of 31 in 1981 to 47 in 2019. What is even more interesting to me is that the median ages of repeat buyers has risen from 36 in 1981 to 55 in 2019!

You can read her complete article by clicking on this link, "The Age of Buyers is Skyrocketing...but Not for Who You Might Think" It is not a long read, but full of interesting thoughts and possibilities.

There are some interesting target marketing possibilities here.

Her graph, below, readily shows the clear trend.

NAR graph, median age of home buyers

I would dearly love to be able to break this down by state and city. Does San Francisco see the same ages and the same trend? What about the Silicon Valley?

I might need to dig a bit deeper.

 

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Compass

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

Peninsula Living Business Page

www.SFCondosForMe.com

 

 

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Rainmaker
5,212,218
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Roy Kelley as I said to Lottie, I think Active Adult Communities has a great deal to do with those statistics....

Jan 21, 2020 03:43 AM #1
Rainer
551,761
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

This is very concerning to most of us in the profession!

Buyers' ages have jumped from a median of 31 in 1981 to 47 in 2019. What is even more interesting to me is that the median ages of repeat buyers has risen from 36 in 1981 to 55 in 2019!

Jan 21, 2020 03:55 AM #2
Rainmaker
5,611,249
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Please be sure to leave comments at the original blog by Lottie Kendall 

Jan 21, 2020 04:03 AM #3
Rainmaker
1,846,895
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thanks for the re-blog, Roy. Stay warm this week!

Jan 21, 2020 05:44 AM #4
Rainmaker
3,305,462
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thanks Roy for the reblog on Lottie,  I am way behind on commenting on blogs with the grand kids here.  They love for Grandpa to make waffle every morning for breakfast.

 

Jan 21, 2020 08:27 AM #6
Rainmaker
5,611,249
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your feedback is always welcome and is very much appreciated.

Jan 21, 2020 09:59 AM #10
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Rainmaker
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Roy Kelley

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