People Are Staying in Their Homes Longer—a Big Reason for Slower Sales

📆 03/11/2019 17:00:00

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📆 03/11/2019 17:00:00
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Homeowners nationwide are remaining in their homes on average 13 years, five years longer than they did in 2010

Americans are staying in their homes much longer than before, creating a logjam of housing inventory off the market that helps explain why home sales have been sputtering.

Homeowners nationwide are remaining in their homes typically 13 years, five years longer than they did in 2010, according to a new analysis by real-estate brokerage Redfin. When owners don’t trade up to a larger home for a growing family or downsize when children leave, it plugs up the market for buyers coming behind them.

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