According to NAR here are some interesting facts about Home Sellers:
- The median age of sellers in the United States was 60 years old in 2022.
- The primary motivation for selling a home was the desire to live closer to friends and family.
- Followed by, the home is too small and then change in family situation.
- Sellers reside in their homes for a decade before deciding to sell.
- A significant portion of sellers, 39%, upgraded to a larger dwelling, while 33% downsized.
- 89% of sellers worked with a real estate agent to sell their home, 7% sold via FSBO.
- Homes sold recently spent an average of two weeks on the market.
Thanks for reading,
Chris
