The first posting in this series was on December 12 – let’s check in occasionally to see how long recent sellers owned their home before they sold it.
Here is the third review of the NSDCC detached-home sales – these are sales that have closed so far in June, 2016:
|2000 – 2003|
|2004 – 2008|
|2009 – 2011|
|2012 – 2016|
Those long-time owners continue to lead the pack, with 49% of sellers having owned their home more than 12 years before selling it this month.
Buyers should be prepared for fixers, and sellers should do what they can to improve their home to sell because nearly half of the sales probably look dated.
Interesting that those who could make the quickest big profits, those who bought in 2009-2011, were the least likely to sell.
|Number of Sales|
|Sold in First 10 Days|
Pricing is still strong, and buyers are stepping up!