Are Older Generations Really Not Selling Their Homes?

Many studies suggest one of the main reasons for theinventory shortage in today’s market of homes for sale isthat older generations have chosen to “age inplace” over moving.

The 2019 Home Buyers & Sellers Generational TrendReportby NAR clarifiesthis point!

NAR’s findings show that Baby Boomers (43%) and the SilentGeneration (12%) made up 56% of sellers in 2018! This means themajority of sellers last year were over the age of 54. This alsoshows these generations ARE moving!

The report also shared the reasons why they chose to move.According to the research, the top reason was a desire to be closerto friends and family. Below is a full breakdown:

As we can see, they have plenty of reasons to sell their currenthome! But what type of homes are they trading in?

Once again, the report demonstrated that older generations arenot keeping that 3-bedroom, 2-bath colonial home. Instead, they areputting it on the market and moving on with their lives!

Bottom Line

If you are living in a house that no longer fits your needs,let’s get together to help you find a home that will!