2019 Profile of Home Sellers
Highlights of the 2019 Profile of Home Sellers annual survey conducted by the National Association of Realtors®. According to the survey; the typical Home Seller in 2019 was 57 years old with a median household income of $102,900. Highlights below include the primary reasons for selling, the median sale price percentage, and median time on market.
Years Living in Home
- Home Sellers report on average they live in their home 10 years prior to selling
- In 2018 the average was 6 to 7 years
Reason To Sell
For all home sellers in 2019 the most common reasons for selling their home was:
- to be closer to friends and family (16%)
- home was too small (13%)
- due to a job relocation (11%)
Time On Market
- In 2019 Home Sellers report their homes are on the market for a median of 3 weeks
Profit or Loss
- Home sellers in 2019 received a median sale price $60,000 higher than the purchase price
Median Sale Price
- Home Sellers in 2019 report the sale price is a median of 99% of the final list price
- 34% of Home Sellers offered incentives to attract buyers
Client Satisfaction
- Only 66% percent of Home Sellers in 2019 are very satisfied with the selling process
Data Source: National Association of Realtors® 2019 Profile of Home Buyers and Sellers
To learn more about my Home Listing Agent services, contact me to schedule a Home Seller Consultation. We will review the home selling process in Massachusetts, home seller protection, my home marketing and selling services, and real estate statistics.
About Tamela Roche, Realtor® – RE/MAX Destiny
