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:

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:

1. Probably moved up a couple of times, not sitting on family homestead.
2. Are used to moving more.
3. Are more physically capable of moving.
4. Have a little less connection to the neighborhood.
5. Still have some adventure left in them.

But younger boomers:

1. Are more likely to still be working.
2. Are more likely to still have kids at home.
3. Are more capable of modifying their home.
4. 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.

More stats:

Other notable items:

1. Of the 99 sales, 35 sold at or above list price.
2. The median days-on-market was 18 days.
3. We have duplicate listings now that we are semi-merged with CRMLS, which will alter up the average and median data.