NAR created the profile of home sellers for each metropolitan area. The following reports cover information on demographics and housing characteristics of their homes. The information provided helps to gain insight about the trends of homeownership at the local level.

The American Community Survey releases the Public Use Microdata Sample (PUMS) files every year, which include population and housing unit records with individual response information. According to the NAR’s Home Buyers and Sellers Survey, the average tenure of homeowners was nine years in 2017. Focusing on homeowners who moved into their home in the last five to nine years (as being categorized from the U.S. Census), NAR was able to identify the characteristics of the home sellers and their homes at local level.

Areas with the highest concentration of sellers

NAR calculated the share of owners who bought their home five to nine years ago for 382 metropolitan areas. The following large metropolitan areas are expected to see an uptick of the existing home sales because of the high concentration of owners who are reaching nine years of tenure:

1. Las Vegas-Henderson-Paradise, NV (21.1%)
2. Austin-Round Rock, TX (19.6%)
3. Phoenix-Mesa-Scottsdale, AZ (19.4%)
4. McAllen-Edinburg-Mission, TX (19.3%)
5. Cape Coral-Fort Myers, FL (18.9%)
6. Riverside-San Bernardino-Ontario, CA (18.8%)
7. Des Moines-West Des Moines, IA (18.8%)
8. Tulsa, OK (18.5%)
9. Houston-The Woodlands-Sugar Land, TX (18.4%)
10. Durham-Chapel Hill, NC (18.4%)