top of page

Blog

🏡 Where Do People Who Sell Their Homes Move To? It's Likely They'll Buy Again in the Same Area!

grace264
Feb 122 min read


When people sell their homes, the next step is finding a new place to live. So, where do they go? Surprisingly, most home sellers tend to buy again in the same area. According to the National Association of Realtors’ 2023 "Profile of Home Buyers and Sellers" report, about 60-70% of sellers buy another home within 15 miles (about 24 km) of their previous one. This shows that many sellers prefer staying in the same area rather than relocating to an entirely new city.

📌 Why Do Sellers Stay in the Same Area?

  1. Desire to Stay Within Their Community


    Leaving familiar surroundings, including work, family, and friends, can be difficult. It’s more convenient to find a new home without changing everything.

  2. School Districts


    Education is a big factor for families with children. Many sellers look for homes within the same school district to maintain their children’s education environment.

  3. Community Connections


    After living in an area for years, the relationships with neighbors and the local community become valuable. It’s often more appealing to find a better home within the same community.

  4. Lower Moving Costs


    Moving a short distance reduces costs associated with moving, like transportation and settling in. Plus, adapting to a new environment takes less time.

🏡 Sellers Are Also Buyers!This is important for home sellers to understand: they are also entering the market as buyers.📌 What Does This Mean for the Market?

  • Sellers are likely to buy in the same area, creating a constant cycle in the local real estate market.

  • Offering solutions tailored to these sellers can help close deals faster and more effectively.

📢 Want to Sell Your Home and Buy a New One?

  1. Sell at the Right Price: Setting the right price and using a good marketing strategy will help you sell quickly and at a good price, making it easier to buy your next home.

  2. Look for Your Next Home Early: Since many sellers buy locally, it’s a good idea to start exploring options early in the same area.

  3. Consult a Real Estate Expert: Selling and buying a home at the same time requires careful planning. A local expert can help you optimize your strategy and timing.

🔑 Key Takeaway – Home Sellers Are Likely to Buy Again Locally!✅ 60-70% of sellers buy again within 15 miles of their original home (source: NAR 2023 Profile of Home Buyers and Sellers)✅ Sellers are motivated by staying within their community, school districts, and maintaining connections✅ The real estate market continues to cycle as sellers become buyers in the same area

📢 Are you looking to sell or buy a home now? Consult with a real estate expert to ensure a fast, efficient transaction!

 



 
 
 

Comentarios

bottom of page