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- Home sellers reported that they typically sold the home they purchased for $33,000 more than they purchased it – about a 24 percent price gain.
- Generally, the longer a seller is in the home the greater the increase attributable to price appreciation; however, the recent path of home prices has resulted in the level of equity in homes with seller tenures of 1 to 5 years varied from that trend.
- Sellers who owned a home for one year or less typically reported greater gains than those who owned a home for 2 to 3 or 4 to 5 years.
- One explanation for these large gains is that they result from the rehabilitation and resale of formerly distressed properties.
- For more detailed information and a downloadable PowerPoint presentation on the 2010 Profile of Home Buyers and Sellers, go here: http://realtors.org/research/research/home_buyers_sellers_maps
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