This week’s chart highlights the median age of homes sold in the U.S., revealing a clear shift toward transactions involving older properties. According to Redfin housing data, the median age reached a record 36 years in 2024—an increase of nearly 10 years in just over a decade. One of the key drivers behind this aging trend is the sharp decline in new home construction following the 2008 financial crisis. Over the subsequent decade, housing development consistently fell short of demand, fueling today’s housing shortage. Although the housing market collapse occurred more than 15 years ago, its ripple effects continue to shape the U.S. housing landscape today.