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Leisure World Maryland Homeowners-Now Is A Good Time To Sell Your Home
Leisure World Maryland Homeowners-Now Is A Good Time To Sell Your Home
 
Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.
As we can see in the following table, the number of people who moved last year is half of what the rate was in the 1980s.
 
Homeowners: Now Is A Good Time To Sell Your Home in Leisure World of Maryland
 
This does not come as a surprise, as tenure length (the number of years someone owns a home before moving again) among existing homeowners has increased. It has risen from an average of 6 years from 1985 to 2008, up to 9.5 years over the last few years. This is shown in the graph below:
 
Leisure World MD Homeowners: Now Is A Good Time To Sell Your House
 
As we can see, there is a pent-up seller demand!
What led to this change in behavior? Falling prices ... more

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