Economic experts believe now remains an excellent time to sell. Here’s what you should know if you’re trying to decide if now’s the time to sell your house. The limited number of homes available right now gives you a significant advantage. That’s because there are more buyers out there than homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house.
Economic Experts Opinions
Here’s what industry experts are saying about why selling now has its benefits:
National Association of Realtors
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
CoreLogic
Selma Hepp, Chief Economist at CoreLogic:
“We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.”
Realtor.com
Clare Trapasso, Executive News Editor at Realtor.com:
“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”
Zillow
Jeff Tucker, Senior Economist at Zillow:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
FreddieMac _ Economist
“Recent data suggest the glass is more than half full: a growing economy, a strong labor market, and relatively resilient first-time homebuyer demand despite poor affordability.”
Key Takeaway
If you’re considering selling your house, let’s connect so you have the expert insights you need to make the best possible move today.
Other educational articles about the market and your home search are under Karen’s Blog. Additionally, explore the search bar for other topics of interest.
