Apr 3, 2024 - News

🏡 Homeowners stay put

Data: Redfin analysis of parish and county records; Note: National data calculations exclude Utah and Texas as well as Kansas City, St. Louis, Indianapolis and Boston due to insufficient county records; Chart: Axios Visuals
Data: Redfin analysis of parish and county records; Note: National data calculations exclude Utah and Texas as well as Kansas City, St. Louis, Indianapolis and Boston due to insufficient county records; Chart: Axios Visuals

The typical New Orleans homeowner has spent 15.6 years in their home, up 40% from a decade ago, according to a recent Redfin analysis of parish records.

Why it matters: Homeowners staying put is one reason there's a shortage of houses on the market across the country, writes Axios' Sami Sparber.

State of play: Homeowners nationally are holding onto their homes nearly twice as long as they did in 2005, analysts found.

Go deeper for more trends

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