TODAY’S SELLERS | 4
WHO’S SELLING NOW?
Today, the median tenure for sellers to stay in the home they
purchased is 10 years. In 1985 the median tenure was just
5 years. This can be attributed in part to the fluctuations in
the economy that resulted in homes being worth less than
mortgage s, causing a delay in homeowners putting their
properties on the market.
In today’s environment, forecasts predict a strong housing
market. New housing starts and resales are on the rise and
tightened inventory continues to cause prices to increase.
Sellers are now seeing a favorable market where they receive a
median of 98 percent of their asking price and sell their homes
typically in four weeks.
PRIMARY REASONS FOR SELLING
18%
HOME TOO SMALL
15%
CLOSER TO FAMILY/FRIENDS
14%
JOB RELOCATION
NEIGHBORHOOD 10%
CHANGE IN FAMILY 10%
HOME TOO LARGE 10%
72%
of sellers purchased a
home in the same state
as they sold a home.
HOME TOO SMALL
The most commonly cited reason for selling their home was
that it was too small, followed by the desire to move closer
to family and friends. For sellers that moved the greatest
distances, the primary reason was to relocate for a job. For
sellers moving within 10 miles, the most common reason was
the home was too small followed by the home was too big,
and the neighborhood became less desirable.
40%
FIRST-TIME
SELLERS
SELLERS
60%
98%
is the average of what
sellers are receiving of
their asking price. 1
4 WEEKS
REPEAT
SELLERS
is the average amount of
time a sellers home is on the
market prior to sale. 1
Tyler Minges, HUFF Realty | SELLER’S GUIDE TO REAL ESTATE