"My trusty spreadsheet peeked at one yardstick of longevity: Attom's study on the average length of ownership for home sellers across the 50 states and the District of Columbia in the third quarter of 2025. This year's California sellers owned their homes for 11.2 years, the third-longest nationwide, and almost 3 years longer than the 8.4 years nationwide. Remember, California's stagnant population is not about people leaving for other states. It's largely due to woefully few Americans moving to the Golden State."
"The longest holding period was in Massachusetts, with sellers owning for 12.9 years, followed by Connecticut at 12.7 years. No. 4 was Rhode Island at 11 years, and Washington state was 10.7 years. Curiously, these states have some of the nation's most expensive homes. The shortest ownership period was in Maine, with sellers owning for 4.8 years, followed by Mississippi at 5.7, South Dakota at 5.8, West Virginia at 6, and Georgia at 6.1."
Attom's third-quarter 2025 data show California sellers averaged 11.2 years of ownership, the third-longest nationwide and well above the 8.4-year U.S. average. Massachusetts led at 12.9 years, followed by Connecticut and Rhode Island, while Maine had the shortest average ownership at 4.8 years. Texas averaged 7.5 years and Florida 8.6 years. Nationwide ownership durations have risen, with California hitting a record high and 34 states reaching peaks in the same quarter. Contributing factors include pandemic-era low mortgage rates, an aging population that moves less, and high home prices reducing move-up activity. Since 2015, California's average ownership rose 2.2 years, outpacing the national increase.
Read at The Mercury News
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