Young homebuyers have been priced out of the market even more than previously, according to a report released Nov. 4 by the National Association of Realtors.

“As a result of decreased housing affordability and limited housing inventory, potential first-time buyers retreated further from the housing market,” the report stated, comparing homebuyers between July 2024 and June 2025 to previous years.

The share of first-time homebuyers dropped to a new low of 21% of all buyers, and the median age of those first-time buyers increased to 40, up from as low as the late 20s in the 1980s.