Detroit homeowners are staying put longer
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U.S. homeowners are staying in their houses for the longest time in at least 25 years, largely thanks to their low mortgage rates, data shows.
Why it matters: That — along with still-high home prices and tight inventory — is keeping the housing market on ice.
The big picture: Sellers at the end of 2025 had owned their homes for an average of 8.6 years — a record in data going back to early 2000, when the average was 4.2 years.
Zoom in: Homeowners in Metro Detroit are staying put for a little less time than the national average — about 8.5 years for homeowners who sold in the fourth quarter last year.
- Twenty years ago, homeowners in the Detroit area were only staying about three years before their homes changed hands.
What we're hearing: Homeowner tenure has increased steadily in almost every major metro area over the past two decades, according to ATTOM, an industry data provider.