Did You Know: Equity by Tenure
January 20, 2010
By Sophia Stuart, Research Economist
- Home sellers reported that they typically sold the home they purchased for $36,000 more than they purchased it for - about a 27 percent gain.
- The longer a seller is in the home the greater the increase attributable to price appreciation. Those who owned a home for as little as one year typically sold the home for $4,000 more than the price they paid for a gain of 2 percent.
- Those who owned a home for more than 21 years typically reported a selling price of 203 percent more than the purchase price - a median of $130,000 more.
- Regionally, in the West and Northeast, sellers reported higher price gains. Among all home sellers, 9 percent reported that they knew the buyer of their home.
Source: National Association of Realtors 2009 Profile of Home Buyers and Sellers
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