The National Association of Realtors compiles an annual profile of buyers and sellers. We took a look at characteristics of homebuyers in Minnesota and nationwide last week and today we take a brief look at homesellers.
Sellers in 2013 were typically older, had a lower household income and were more likely to be married than in recent years.
Here are some other characteristics of 2013 home sellers…
- How long typical seller lived in the home they sold
- 8 years in Minnesota
- 9 years nationwide
- 6 years in 2007
- Used a real estate agent to assist in the sale
- 95% in Minnesota
- 88% nationwide
- Delayed selling because property was worth less than mortgage
- 23% in Minnesota
- 13% nationwide