The share of first-time homebuyers fell to a record low of 21% in 2025, while the median age of first-time buyers climbed to an all-time high of 40, according to the National Association of Realtors®’ 2025 Profile of Home Buyers and Sellers. Among first-time buyers, the leading sources of down payments were personal savings (59%), financial assets such as 401(k) accounts or stocks (26%), and gifts or loans from family and friends (22%).
In the Twin Cities region, for the week ending December 13:
- New Listings decreased 11.6% to 658
- Pending Sales decreased 17.9% to 545
- Inventory decreased 2.0% to 8,775
For the Month of November:
- Median Sales Price increased 2.8% to $386,647
- Days on Market remained flat at 50
- Percent of Original List Price Received decreased 0.2% to 97.4%
- Months Supply of Homes For Sale decreased 4.0% to 2.4