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Millennial Buyer?

5 markets where millennials won’t be buying in 2016
 

We also identified five out of the 100 largest markets that millennial buyers will probably shun in 2016. In these five places, the number of mortgages purchased in 2015 by 25- to 34-year-olds was below average, and relatively few members of that age group were looking at listings on realtor.com. In addition, these five markets have no growth forecasted for next year—and younger buyers are driving much of the growth in real estate, according to our forecast.

The following list is not ranked.

Jacksonville, FL

Median list price: $228,000

Population share of older millennials:13.5%

Phoenix, AZ

Median list price: $290,000

Population share of older millennials: 13.8%

Port St. Lucie, FL

Median list price: $248,000

Population share of older millennials: 10.2%

Spokane, WA

Median list price: $214,000

Population share of older millennials: 13.5%

Stockton, CA

Median list price: $308,000

Population share of older millennials:13.3%

© 2017 The Spokane Association of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from the Spokane Association of Realtors and the Broker Reciprocity Program.sm. Real estate listings held by brokerage firms other than Windermere-Manito LLC of Spokane, WA are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-08-16.