New research by Redfin shows people have been staying in their homes longer. The median was 13 years in 2021 compared with 10.9 years about a decade ago.
I think most homes being bought will stay off market for another decade. Maybe that’s why people are okay with higher bids since it’s their forever homes.
https://finance.yahoo.com/news/redfin-reports-typical-u-home-130000627.html?guccounter=1
submitted by /u/classyshepard
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