What Today's Market Means for Homebuyers

What Today’s Market Means for Homebuyers

A new report from the National Association of Realtors highlights a major shift in today’s housing market — and what it means for buyers who are ready to make their move.

Between July 2024 and June 2025, only 21% of all home purchases came from first-time buyers, the lowest level since NAR began tracking this data in 1981. At the same time, the median age for first-time buyers has risen to 40, up from the late 20s in the 1980s. Rising home prices, higher interest rates, and limited affordability have made the path to homeownership more challenging for many.

But here’s the good news — the market is changing. Mortgage rates have eased into the low- to mid-6% range, home price growth has slowed, and the number of available listings is now higher than it’s been in several years. These shifts are starting to create more breathing room for motivated buyers who have been waiting for the right moment.

Meanwhile, repeat buyers — often using proceeds from the sale of their previous homes — have been able to purchase more easily, with 26% of all buyers paying in cash and 30% of repeat buyers skipping financing altogether. While that can make the market feel competitive, it also shows that equity continues to be a powerful wealth-building tool.

If you’re a first-time buyer, this is your moment to get prepared, not discouraged. With more inventory and slightly softer prices, you may find new opportunities that weren’t available earlier this year. Getting pre-approved, locking in a favorable rate, and working with an experienced local agent can help you move quickly when the right home comes along.

Bottom line: The housing market is shifting, and informed buyers who act strategically will have an advantage.

👉 Ready to start your home search? Contact "The TJK Team", Tucson’s top small real estate team as reported by Real Trends, proudly serving Oro Valley, Marana, Dove Mountain, Catalina, Vail, and Green Valley. Let’s talk about your goals, explore financing options, and find your next home with confidence.