Seven Years to Save for a Down Payment — But That’s Not the Whole Story

Seven Years to Save for a Down Payment — But That’s Not the Whole Story

Recent housing data shows the typical American homebuyer now needs approximately seven years to save for a down payment. While that number may sound discouraging, it’s actually an improvement from the 12-year peak we saw in 2022 as demand cooled and affordability began to stabilize.

However, today’s timeline remains nearly double what it was before the pandemic. The primary drivers? A personal savings rate hovering just above 5%, combined with significantly higher down payment requirements. In fact, the typical down payment has risen from just under $14,000 in 2019 to more than $30,000 in 2025.

What this tells us is that homeownership hasn’t become impossible — it’s become more intentional. Buyers who approach the market with a clear strategy, strong planning, and local insight often find that their personal timeline looks very different from the national average.

In the Lakes Region of New Hampshire, understanding inventory trends, pricing pockets, financing options, and timing can meaningfully shift the equation. Headlines provide context — but decisions should be local.

Thinking about selling and wondering if winter could work in your favor? Every home — and every seller — is different. The smartest first step is understanding how your property would perform in today’s market and whether timing could give you an advantage. Connect with Mike Gagnon for a personalized, no-pressure conversation about your goals, your home’s value, and the best strategy for selling — this winter or beyond. 📧 mike@thedowgroup.com 📞 (603) 709-4763 A clear plan starts with a conversation.