Who is selling?
The last column below is regarding the 99 NSDCC houses sold between June 13-22 – these are the years when the sellers purchased the home they sold:
|0 – 2003|
|2004 – 2008|
|2009 – 2011|
|2012 – 2017|
This year we’ve had an increase of recent purchasers selling!
Are they moving up, or cashing out?
I’ve been having more thoughts about the older boomers selling. Though the long-timers here still make up a large group of sellers, they may not all be as old as I imagined. With a third of sellers being recent buyers, it suggests that there could be more mobility – buyers may not be buying their forever home.
Are more people making one last move-up?
Or are they making a quick buck and cashing out?
The younger boomers:
- Probably moved up a couple of times, not sitting on family homestead.
- Are used to moving more.
- Are more physically capable of moving.
- Have a little less connection to the neighborhood.
- Still have some adventure left in them.
But younger boomers:
- Are more likely to still be working.
- Are more likely to still have kids at home.
- Are more capable of modifying their home.
- Don’t need assisted living.
There weren’t many pure flippers in the 2012-2017 group, so we’ll see if the trend continues. It could be an anomaly.
|# of Sales|
|DOM = 0|
Other notable items:
- Of the 99 sales, 35 sold at or above list price.
- The median days-on-market was 18 days.
- We have duplicate listings now that we are semi-merged with CRMLS, which will alter up the average and median data.