A Majority of Consumers Say Its a Good Time To Sell Your House

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Real Estate Agent with HomeSmart 0561240

A Majority of Consumers Say Its a Good Time To Sell Your House

If you're a homeowner thinking about selling your house, you're probably looking for the best time to make your move. That means you're likely balancing a number of factors, like your changing needs, where you'll go when you sell, and todays mortgage rates in order to time it just right.

According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell.

The graph below shows the percentage of survey respondents who say its a good time to sell a house. The big dip in March and April of 2020 reflects how consumer sentiment dropped at the beginning of the pandemic as uncertainty about the health crisis grew. Since then, the percentage has grown consistently as more people feel confident its a good time to sell.

In fact, survey respondents think its an even better time to sell a house today than they did in 2019, which was a strong year for the housing market. The latest survey results indicate one of the strongest peaks in seller sentiment in nearly three years (see graph below):

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What Makes Today a Good Time To Sell?

One reason so many people think its a good time to sell is because there are still more buyers in todays market than there are homes for sale. Thats driving home prices up, making it a good time to sell your house.

And if you're on the fence about whether or not to sell because you don't know where you'll go once you do, know that you might have more options today than in previous months. Thats because the number of homes coming onto the market has grown each month since the start of the year. When more homes come onto the market, it gives you more opportunities to find one that meets your changing needs.

Bottom Line

While the number of homes available for sale is growing and giving you more options for your move, inventory is still low overall. That could mean its a great time for you to sell. If you're ready to address your changing needs and take advantage of todays favorable conditions, lets connect.

 

 

 

 

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“YOUR Rock-Solid Choice Realtor for Making Home Sellers a Profit & Home Buyers Equity”

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Comments (6)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Shayne. I am in the minority on this, but when you need to upsize, downsize, or relocate it is time to do so. The market may be good, the market may be bad, rates may be high. Those are the conditions you have to deal with. Enjoy your day.

Jun 22, 2022 05:29 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Good Morning. Lots of details about your real estate. Hope it is very good?

Jun 22, 2022 05:49 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and have a wonderful day!

Jun 22, 2022 07:01 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Shayne  and great information for people to know about.  Make it a great day!

 

Jun 22, 2022 07:52 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jun 22, 2022 09:08 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Shayne Stone sellers will be kicking themselves if they do not take advantage of the crazy strong sellers market.

Jun 22, 2022 05:52 PM