The Booming Business of Estate Sales: Expect the Unexpected

On any given weekend, at any major intersection, the colorful eye-catching signs of estate sales are fast becoming one of the hottest tickets in town. 

According to the National Estate Sales Association (NESA) there has been a staggering 650% increase in the number of estate sales nationwide since 2006.  

The United States Census estimates that since 2010, approximately 10,000 Baby Boomers will turn 65 each day until 2030. As the age group who are most likely to have an estate sales, that means things will continue to grow. 

NESA also reports that an estimated $100M of revenue is generated nationally each month from estate sales. 

These statistics are mirrored in the booming estate sale industry in northern Illinois which has more than doubled over the past 10 years. 

Carrie Poulisse, who owns Nana’s Treasures Estate Sales, gives a surprising reason for the uptick in the estate sale industry. 

“In 2021, the housing market went crazy with many people downsizing their residences, moving into assisted living, or inheriting a home due to a death in the family."

"In many of these situations, the adult children just don’t have enough time off of work or live close enough to clean out their parents’ homes. It’s an overwhelming task for most families.” 

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