The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It's Closer to 20 Years.
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A report from Redfin reveals that the typical U.S. homeowner stays in their home for 11.8 years, but in California, due to Proposition 13, homeowners stay much longer, with Los Angeles having a median tenure of 19.4 years.
March 12, 2025 | 12:15 pm
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Redfin's report highlights longer homeownership tenures in California, potentially increasing demand for their real estate services in the region.
The report from Redfin highlights a significant trend in homeownership tenure, especially in California. This could lead to increased interest in Redfin's services as homeowners may seek to capitalize on their long-term investments, potentially boosting Redfin's business in these areas.
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