source: NAR 2009 Profile of Home Buyers and Sellers

  • When purchasing their next home, younger home sellers tend to purchase larger homes.
  • For example, sellers between 18 and 34 years old typically

    purchased a home that was 660 square feet larger than their previous


  • Older sellers move to a modestly smaller home, suggesting that they

    are often considering many factors other than the size of a home when

    moving. Moving closer to friends or family, for example, was the chief

    reason for selling a home among those 65 or older.

  • Age is also correlated with the price of the home purchased

    relative to the price of the home sold. Younger sellers tend to

    purchase a home that is significantly more expensive than older

    sellers. In 2007, home sellers 34 years old or younger purchased a home

    for a median of $253,600 and sold a home for a median of $177,000.