According to data form the National Association of Realtors Profile of Home Buyers and Sellers, the median seller tenure has steadily increased since 1985, where it was 5 years compared to 9 in 2015. The highest value was in 2014 when it crept up to 10 years.
“…market changes in the last decade have caused sellers to remain in their homes longer, increasing the median number of years in the home by 50 percent more than they did 20-30 years prior.”
Click here to read the full story on the NAR’s Economist Outlook blog.
