US EditionAmericans staying put: US home turnover rate at lowest level in decades as housing slump drags on
Homeowners face limited employment mobility and high mortgage rates, with only 28 of every 1,000 homes changing hands, the lowest turnover rate since the 1990s, Redfin reports.
- Through the first nine months of this year, Redfin found about 28 out of every 1,000 homes changed hands, marking the lowest turnover since at least the 1990s and down about 30% from the 2012–2022 average.
- Many homeowners who refinanced in 2020 and 2021 have little incentive to sell at current loan rates, and job cuts at Microsoft, General Motors, Amazon and Target have reduced worker mobility.
- The median sales price has risen over the past six years, even as the average 30-year mortgage rate fell this week and sales accelerated last month.
- U.S. employers added just 22,000 jobs in August, and private payroll company ADP reported a 32,000 job loss earlier this month; analysts say this slowing job market helps explain limited relocation.
- The turnover rate, which measures homes sold over total sellable properties, shows owners staying put longer as sales of previously occupied U.S. homes sank last year to their lowest level in nearly 30 years, with typical motivators for moves including new job or family needs.
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Beatrice Daily Sun
US home turnover rate at lowest level in decades as housing slump drags on
LOS ANGELES — The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn't been this low in nearly 30 years.
U.S. home turnover hits lowest rate in decades
KEY TAKEAWAYS: Only 28 of every 1,000 U.S. homes changed hands in 2025, the lowest rate in nearly 30 years. Redfin data shows home turnover down 30% from the 2012–2022 average. High mortgage rates and a cooling job market are keeping homeowners from moving. Median U.S. home prices have surged 53% in six years. The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn’t b…
Associated Press News
Americans staying put: US home turnover rate at lowest level in decades as housing slump drags on
The number of U.S. homes that typically changes hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years.
U.S. home turnover rate at lowest level in decades as housing slump drags on
The number of U.S. homes that typically changes hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years. That's according to an analysis by Redfin, which found that only…
Data shows that the number of U.S. homes sold due to job changes, retirement, or the purchase of larger living spaces has fallen to its lowest point in nearly 30 years.
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