Even though the share of urban homeowners intending to sell remains lower than in 2023, the numbers are slightly increasing.
Reasons for Selling:
- New Home Needs & Characteristics
- Want a home with upgraded or more desirable features 55%
- Don’t want to be responsible for repairs/maintenance 32%
- Want more outdoor space 51%
- I want home office space 28%
- My home no longer fits my health needs 26%
- I found other homes that I prefer over my current home 56%
- I want to change the current layout or floor plan of my house 49%
- Family Structure
- The size of my family/household is getting larger 34%
- The size of my family/household is getting smaller 41%
- I had a recent life change (e.g. got married, got divorced, had a baby) 33%
- Financial
- To sell the home for a profit or use the equity for another purpose 49%
- I think I’ll get a better deal on a new home now than in the future 39%
- I think I’ll be able to sell my home for more money now than in the future 45%
- I can no longer afford my home 24%
- Changing Locations
- I want to live closer to family 42%
- Reduce commuting time 27%
- I want to live around people who share my values 31%
- I want to live in an area that share my politics 27%
- Move to a school district that is a good fit 21%
Thinking about selling your home? Whether you’re planning to list soon or just need market insights, home valuation data, or expert advice, I’m here to help. Feel free to reach out anytime!
