New findings from a survey from the National Association of REALTORS ® show that 77 percent of Americans think that now is a good time to sell a home, a new record high. Respondents in the West were the most likely to believe that now is a good time to sell (85 percent) as well as those who currently home a home (82 percent). Much of this optimism comes from several successive years of robust home price growth.
NAR Chief Economist Lawrence Yun has this to say about why property owners feel ready to list their homes. “Though the vast majority of consumers believe home prices will continue to increase or hold steady, they understand the days of easy, fast gains could be coming to an end. Therefore, more are indicating that it is a good time to sell, which is a healthy shift in the market.”
Read NAR’s third quarter Housing Opportunities and Market Experience (HOME) Survey for more information on consumer housing preferences from July to September 2018. Speak with some REALTORS® in your area about consumer sentiments about the housing market. Ask someone in your community who recently listed their home why they chose to do so now.