WASHINGTON (June 19, 2019) – The latest consumer findings from a National Association of Realtors® survey reveal that many more Americans believe that now is a good time to sell a home.
The second quarter of 2019 saw a jump in optimism in selling, as 46% strongly held that belief, up from 37% in the first quarter.
NAR's chief economist Lawrence Yun notes that home prices have increased only moderately and says that is a contributing factor as to why the overwhelming majority feel that now is a good time to sell. "With home price appreciation slowing, home sellers understand that the days of large price gains from holding an extra year are over."
An increased number of Americans also think that now is a good time to buy a home, and of those respondents, 38% answered that they strongly believe that notion, and 27% said they moderately believe the present is a good time to buy. Thirty-five percent disagreed, stating that now is not a good time to make a home purchase, which is unchanged from 2019's first quarter.