Baby Boomers Shape Alabama Housing Market Trends

Baby Boomers in Alabama are significantly influencing the housing market, with nearly 80% owning their homes and a majority opting to 'age in place,' limiting the housing supply. Recent surveys indicate that over three-quarters of older homeowners plan to remain in their current residences, although many are also active buyers, often seeking smaller, manageable homes or downsizing. While downsizing is common, it's not universal, as about 21% of Boomers prefer larger homes or are 'upsizing' for retirement. A notable trend is the growing interest in 55+ communities that offer maintenance-free living, with around 25% of Older Boomers choosing such housing options. The Alabama market reflects these preferences, as many empty-nest boomers sell larger suburban homes for cozier alternatives that suit their retirement lifestyles. Overall, convenience and affordability seem to be prioritized over size by this demographic.