About 90 percent of buyers with children younger than 18 at home bought a detached single-family house, according to the National Association of Realtors’ 2016 Profile of Home Buyers and Sellers. But for those without children at home, that number fell to 79 percent. Instead, more chose townhouses and condos.
Part of the reason for this trend, besides wanting less space, is people without children tend to prefer urban areas. Those desires go hand in hand.
Buyers without children said their neighborhood choice was more influenced by convenience to friends, family, shopping and entertainment, according to the 2016 Profile of Home Buyers and Sellers.