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Housing tenure is a factor that can influence home prices. Longer tenure can facilitate lower inventory. This also can drive prices up!!!! 
Interesting, from 1985 to 2007 housing tenure was running 5 years although to me it seemed slightly longer than that. Today, nationwide it is double that, yes 2x. In the near future, 2021-2024, the COVID-19 variable, that is, wanting a bigger home for a house office or making room for an elderly relative will drive buyers to move. Of course, as families grow, this will add to additional needs for wanting a larger home and increasing movement in the housing sector. 
If you are considering selling, call, text 631-513-0442 or email, Abatelli Real Estate Appraisals for timely market value.

Posted by Richard Wayne Abatelli on May 30th, 2021 1:00 PMLeave a Comment

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