A Majority of Consumers Say It’s a Good Time To Sell Your House

If you’re thinking about selling your home, you’re probably asking: is it a good time to sell a house? You’re most likely balancing several factors, like your changing needs, where you’ll go when you sell your house, and today’s mortgage rates to time it just right.According to recent data, that perfect time could already be here. The graph below from Keeping Current Matters shows the percentage of survey respondents who say it’s 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 it’s a good time to sell.Survey respondents think it’s 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.

What Makes Today a Good Time To Sell?

One reason so many people think it’s a good time to sell is that there are still more buyers in today’s market than there are homes for sale. That’s 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. That’s 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 it’s a great time for you to sell. If you’re ready to address your changing needs and take advantage of today’s favorable conditions, contact your trusted advisor at Corken + Company today!

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Rachel Sartin

Lori Corken