of US home buyers were first-time buyers (July 2024 to June 2025), the lowest share since NAR began tracking in 1981
Industry bodyChecked at sourceAll sizesUSA
Group
First-time buyers
Younger Millennials
60%
Older Millennials
33%
Gen X
21%
Younger Boomers
8%
Older Boomers
4%
Silent
3%
All buyers
21%
Source: National Association of REALTORS, Profile of Home Buyers and Sellers; Generational Trends; Existing-Home SalesNAR 2026 Generational Trends report, same buyer survey as the 2025 Profile (6,103 buyers).digitaltreed.com/statistics
of US home buyers were first-time buyers (July 2024 to June 2025), the lowest share since NAR began tracking in 1981
Industry bodyNational Association of REALTORS, Jul 2024-Jun 2025
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Share of each generation's home purchases that were first homes
Group
First-time buyers
Younger Millennials
60%
Older Millennials
33%
Gen X
21%
Younger Boomers
8%
Older Boomers
4%
Silent
3%
All buyers
21%
Source: National Association of REALTORS, Profile of Home Buyers and Sellers; Generational Trends; Existing-Home SalesNAR 2026 Generational Trends report, same buyer survey as the 2025 Profile (6,103 buyers).digitaltreed.com/statistics
One in five buyers (21%) bought a first home, the lowest since 1981.
Aged 27 to 35: 60% of their purchases were first homes, down from 71%.
Aged 36 to 45: 33%, many now moving up with equity.
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First-time buyers in NAR's annual Profile
Group
First-time share
2024 Profile (Jul 2023-Jun 2024)
24%
2025 Profile (Jul 2024-Jun 2025)
21%
Source: National Association of REALTORS, Profile of Home Buyers and Sellers; Generational Trends; Existing-Home SalesSame annual NAR survey. Not comparable with the monthly REALTORS Confidence Index (31% in Sept 2026).digitaltreed.com/statistics
30-year fixed mortgage rate, late October each year
Group
30-year fixed rate
26 Oct 2023
7.79%
24 Oct 2024
6.54%
23 Oct 2025
6.19%
22 Oct 2026
7.32%
Source: Freddie Mac, Primary Mortgage Market Survey (PMMS)Freddie Mac PMMS weekly averages. All points after the November 2022 PMMS method change (rates from Loan Product Advisor applications).digitaltreed.com/statistics
Median existing-home price by region, September 2026
Group
Median price
West
613600$
Northeast
523600$
South
361000$
Midwest
329600$
US
417500$
Source: National Association of REALTORS, Profile of Home Buyers and Sellers; Generational Trends; Existing-Home SalesNAR Existing-Home Sales, September 2026.digitaltreed.com/statistics
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Industry bodyAll sizesUSA
21%
of US home buyers were first-time buyers (July 2024 to June 2025), the lowest share since NAR began tracking in 1981
Sample: NAR mailed a 120-question survey to 173,250 recent buyers of a primary residence in July 2025; 6,103 responses, adjusted response rate 3.5%; +/- 1.25% at 95% confidence. Excludes investors and vacation homes.
Since buyers search online, most now buy homes without an agent
A common claim after online listing sites and the 2024 commission rule changes. NAR's 2025 Profile: 52% found their home online, yet 88% bought through an agent. Where it came from