Homeowner tenure dipped slightly in 2021

The average time homeowners owned their home dipped to 13.2 years in 2021, down from 13.5 years in 2022, according to a Redfin analysis of county records. This is the first year-over-year dip since 2012 (10.1-year tenure) the first year presented in the Redfin study. The pandemic undoubtedly spurred migration in the country. Homeowner tenure in 2022 will reveal if the trend continues.