IRVINE, Calif. – Jun 12, 2019 – More than three-quarters of millennials feel very confident about how to sell a home, but very few have actually done so, according to a recent survey by sold.com.
Despite millennials’ high confidence in knowing how to sell a home, they don’t have the home selling experience to support it. Sellers ages 28 years and younger composed only 2% of the share of all home sellers last year according to the National Association of Realtors 2019 Home Buyers and Sellers Generational Trends Report (April 2019).
With older millennials (29-38 years old), 76% were selling a home for the first time.
Misplaced confidence could be detrimental financially, given that 59% of consumers between 18-34 years old plan to sell a home within the next three years, compared to 35% of people between ages 35-54 and 15% of consumers over 55 years old.
Source: © 2019 Florida Realtors®