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- About half of home sellers traded up to a larger sized and higher priced home and 60 percent purchased anewer home.
- The typical seller lived in their home for nine years. The median tenure has increased in recent years. In 2007,the typical tenure in a home was only six years.
- Eighty-seven percent of sellers were assisted by a real estate agent when selling their home.
- Recent sellers typically sold their homes for 95 percentof the listing price, and 61 percent reported they reducedthe asking price at least once.
- Forty-one percent of sellers offered incentives to attract buyers, most often assistance with home warrantypolicies and closing costs.
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