Read below for some interesting facts about today’s home-selling landscape! 🏘
– The typical home seller was 60 years old.
– Sellers typically lived in their home for 10 years before selling.
– 41% of sellers traded up to a larger home.
– 86% of home sellers worked with a real estate agent to sell their home.
– Home prices in 2023 are forecast to reach an increase of 0.3% compared to 2022.
– The 30-year fixed mortgage rate is expected to settle at 5.7%, which is lower than the pre-pandemic historical rate of 8%.
#sellertrends #NashRealtorRach #Parksrealty #Realtor #Realestate #MiddleTNRealtor #Home #Homebuyers #FranklinTN #Homesellers #Homesearch #RealEstateTips #Buyingahome #Sellingahome #RealEstateExpert @Rachel.Margolis @NashRealtorRach #Dreamhome #MakeItHappen @Parksathome
Rachel Margolis
Realtor®
M 310.403.7891
O 615.370.8669