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Why There’s No Residential Housing Crash Coming Americans’ Home Equity:
Thinking About Selling? Profile of a Seller
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Their property remained on the market for 18 days (75% sold in 30 days or less).
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83% are detached single- family homes.
- 75% have sold a home before.They’ve lived in their home a median of 10 years.
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Why Are They Selling?
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Desire to move closer to family and friends: 21%
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Moving due to retirement:11%
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Neighborhood becoming less desirable: 11%
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Home too small:10%
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Change in family situation:9%
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© 2023 Buffini & Company. All Rights Reserved. Used by Permission. SOURCES: Attom Data, Census.gov, National Association of REALTORS®
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Locke Associates Real Estate Blog
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