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Tenure In Home on the Rise

The typical home seller has owned their home for nine years, three years longer than in 2007.

By Toby Tobin

Palm Coast, FL – April 10, 2012

  • The typical home seller has owned their home for nine years.
  • The median tenure in home has progressively increased over the last several years from a low of 6 years in 2007.
  • Sellers of detached single-family homes, which account for the largest share of homes sold, owned their home for a median of 10 years.
  • Younger sellers tend to have the shortest tenure in the home – those aged 18 to 34 sold their home within six years, compared to those aged 65 to 74 who sold their home after a tenure of 14 years.
  • Sellers with no children in the home had a tenure in home of 11 years versus 7 years for those sellers that had children under 18 years old in the home.
  • For more on the 2011 NAR Profile of Home Buyers and Sellers, click here.

Source: National Association of Realtors®

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Don "Toby" Tobin is a licensed real estate professional affiliated with Watson Realty Corp. Toby is a member of the Flagler County Association of Realtors®, the Florida Association of Realtors, Enterprise Flagler, Flagler Home Builders Association, and the National Association of Realtors.

GoToby.com proivdes real estate news, commentary, and analysis for Palm Coast and Flagler Country Florida, as well as Realtor® referrals and consultation to buyers, sellers, and developers.