While many young people have lived in their homes for less than five years, changing life circumstances could make them next year’s biggest sellers
Dec. 12, 2024
2 min read
Image: LIGHTFIELD STUDIOS / stock.adobe.com
People in their 30s and 40s are likely to be the biggest sellers in 2025.
Some homeowners are considering selling their homes in 2025, but it likely won’t be Baby Boomers. According to a recent survey from Bright MLS, a provider of real estate market intelligence, nearly 20% of homeowners are considering selling their homes within the next year, with the trend primarily being driven by younger homeowners in their 30s and 40s. Many of these prospective sellers purchased their homes during the pandemic and have lived there for less than five years and are more likely to sell due to changing financial or family circumstances.
According to the survey, only about 6% of homeowners aged 60 and older said they were planning to sell their home in 2025, with the desire to downsize cited as the most common reason for moving. Nearly a quarter of Boomers who are planning to move stated they want a smaller home.
The vast majority of Boomers say they are not planning to move next year—and for most of those homeowners, nothing could make them change their mind. It’s not rate lock causing this group of homeowners to stay put. Based on the survey, nearly 60% of Boomer respondents have lived in their home 20 years or more and own it outright.Read more
