There’s no arguing that the housing market in the US is currently favoring sellers; historically low inventory is heating up the competition and driving up prices. And even with those higher prices, homes are flying off the market faster than ever before (according to recent data from the National Association of Realtors, homes stayed on the market for an average of 26 days in April 2018—the fewest number of days since the Association began tracking the data in 2011). This favorable market is having a dramatic effect on seller confidence. According to the National Association of Realtors’ most recent Housing Opportunities and Market Experience (HOME) Survey, a whopping 75% of Americans believe that now is a good time to sell a home—up from 61% just two years ago.
The Takeaway
Three-quarters of the country believes that now is a good time to sell, and they believe it for a reason. The market has never been better for sellers than it is today, but these favorable conditions won’t last forever. So if you’ve been thinking about putting your home on the market, now is the time to make a move.
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