In just seven years, we've seen a surging buyer's market with foreclosures and short sales comprising a majority of sales, to a clear seller's market where rising prices and low inventory led to the return of multiple offers.
Now, as we enter a balanced market, we had to wonder:
Over the last seven years, in which markets were people the least likely to move?
Methodology: We started with markets (CBSAs) with more than 100,000 properties. From there, we analyzed:
The average year over year rate of turnover (home sales) per market over the last seven years
The median length of time a homeowner lives in their home across each market
Together, we weighted these two scores to determine which markets have had the best retention during the market correction.