Sellers are still out there despite the “rate lock” storyline
Type of Home Sold, March 2024
Family reasons Reasons for Selling a Primary Residence
61.9%
Primary residence
21.2%
17.0%
Wanted a bigger home
14.3%
Rental property
17.0%
Job or career change Wanted a smaller home/downsizing Health reasons
13.5%
Estate sale
12.7%
Second or vacation home
10.0%
3.9%
8.2%
Retirement
Investment property/flip
3.9%
7.3%
Lifestyle preference
Foreclosure/REO/S hort Sale
1.7%
2.1%
Cashing in on equity
4.5%
Other
0.8%
Seller was a builder
Bright MLS Subscriber Survey, April 4-11, 2024 n = 533
Made with FlippingBook - professional solution for displaying marketing and sales documents online