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

Dated: June 17 2022

Views: 108

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

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

If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right.

According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell.

The graph below 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.

In fact, 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 (see graph below):

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

What Makes Today a Good Time To Sell?

One reason so many people think it’s a good time to sell is because 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, let’s connect.

Blog author image

Megan Luker

Megan Luker is a Realtor® serving Southeast Virginia and surrounding areas. She is excited about joining eXp Realty, one of the largest independent real estate brokerage firms in the nation. She i....

Latest Blog Posts

Why You Need to Work the best! Talking Mortgages with Lori Gibson, Atlantic Bay Mortgage

I have worked with Lori Gibson with Atlantic Bay Mortgage Group for over 15 years! Pure excellence, knowledge, and complete customized catering for all my real estate clients and transactions!

Read More

Epic Living in the Vibe District of Virginia Beach

Beyond the boardwalk of Virginia Beach is the ViBe Creative District. It is a hub for artists and spirits, roasters and restaurants, workouts and wares, museums, and more. Located on 18th St., the

Read More

Why You Should Work With a Military Relocation Specialist: Megan Luker

Why do you need a Simplified Military Move with a Military Relocation Specialist that understands PCSing, VA Home Loans, and how to serve YOU with Virtual Showings, Powerful Negotiation, and Selling

Read More

Megan Luker Va Beach Realtor

Megan is the team leader of Lukerative Group, a second-generation REALTOR since 1991, a Navy wife, Navy mom, mother of three married millennials, ethical, and passionate about serving others. She

Read More