Below are some interesting seller facts from 2010…I found these in the Brian Buffini Real Estate Report and thought you would enjoy them.
The median age of a home seller is 49
The typical seller has owned their home for 8 years
The median time for a home on the market was 8 weeks (that’s fast ya’ll!)
Of sellers, 50% traded up while 28% purchased a comparable home
21% of home sellers traded down when they sold in 2010
The typical home sold for 96% of the final listing price
The main motivation for sellers to move in 2010 was the size of their home
15% of moves in 2010 were due to job relocation
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