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Housing Market Update: Is It a Good Time to Sell?

Updated: Jan 12

Many property owners are thinking carefully whether now is a good time to sell. It could be challenging to weigh various things at the same time, especially with the rising interest rates, current health crisis, and other personal needs to consider.

The good news is, according to a survey, 76% of consumers believe now is a good time to sell.

Source: Home Purchase Sentiment Index (HPSI) by Fannie Mae

The supply of homes for sale today is an all-time low. With low supply, sellers will most likely get more offers, which is what’s happening at present.

“The average home for sale is receiving 3.8 offers today, up from 3.3 offers just one year ago.”

Source: National Association of Realtors (NAR)

It’s not surprising that consumers think it’s a good time to sell. With low inventories and home prices pushing upward, it's quite obvious that the real estate market is favorable to sellers today.

Thinking about selling or buying a property? Contact us. We're happy to help.

Disclaimer: Views and information provided in this post are for general informational and educational purposes only and is not a substitute for professional advice. Before taking any action based upon such information, we encourage you to consult with the appropriate professionals. The use or reliance to any information contained on this site or mobile application is solely at your own risk.

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