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First-Time Homebuyers Plummet to 24% Amid Market Issues

3/26/2025

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Summary

Story summary

First-time homebuyers now represent only 24% of the market, with the median age increasing to 38.
Private listing networks, such as Compass's, can limit visibility of inventory, though most listings still appear on the MLS.
Critics claim these networks reduce market transparency, particularly in high-demand cities like New York, where housing prices are elevated.

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Story summary

First-time homebuyers now represent only 24% of the market, with the median age increasing to 38.
Private listing networks, such as Compass's, can limit visibility of inventory, though most listings still appear on the MLS.
Critics claim these networks reduce market transparency, particularly in high-demand cities like New York, where housing prices are elevated.