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Homes Sold by Generation

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Homes Sold by Generation


April 30, 2018
Keys
Photo: Pexels

New data from the National Association of Realtors show that Millennials bought the most homes from July 2016 to June 2017. They accounted for 36 percent of all homes sold in that time.

Baby Boomers were split into two categories, Younger Boomers (aged 53 to 62), and Older Boomers (aged 63 to 71). Combined, Younger Boomers and Older Boomers accounted for 32 percent of homes sold, four percent less than Millennials, The New York Times reports. Gen Xers, aged 38-52, had the second-highest share in the data, 26 percent of homes sold. The Silent Generation, those aged 72 to 92, bought 6 percent of homes.

Millennials are buying a lot of homes — more than any other age group, in fact. According to the National Association of Realtors, Americans 37 or younger bought about 36 percent of all the homes sold between July 2016 and June 2017. In all age groups, married couples were the largest category of buyers. But among millennials, unmarried couples were the second biggest category; it was the only age group in which unmarried couples bought more homes than unmarried women or unmarried men.

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