Length Of Homeownership Has Increased

Length Of Homeownership Has Increased

A recent research by the National Association of Realtors has shown that american home sellers who closed their sale during the 1st quarter of this year had owned their property for an average of 8.05 years. This is a significant increase compared to the average of 4.21 years from properties sold in 2000 through 2007. 

ATTOM Data Solutions reported that the five largest metro areas with the longest average years of ownership prior to selling in 2019 was:

Hartford, CT - 12.52 years

Boston, MA - 12.36 years

Provenience, RI - 11.5 years

San Francisco, CA - 10.40 years

San Jose, CA - 10.27 years


The most profitable home sales occurred in these 4 California metros:

San Jose

San Francisco

Los Angeles

Oxnard

Honolulu, HI was 5th on the list



Karin Waterschoot-Perez Headshot
Author:
Phone: 614-774-1741
Dated: July 1st 2019
Views: 288
About Karin: Executive Vice President of Sales Experienced Realtor, Karin Waterschoot-Perez, currently serves ...

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