Sellers Are Ready To Enter the Housing Market!

Dated: May 19 2021

Views: 26

Sellers Are Ready To Enter the Housing Market

Sellers Are Ready To Enter the Housing Market | MyKCM

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan, Senior Vice President and Chief Economist at Fannie Maeindicates:

Consumer positivity regarding home-selling conditions nearly matched its all-time high.” (See graph below):

Sellers Are Ready To Enter the Housing Market | MyKCMFannie Mae isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, Senior Economist at realtor.comshares:

“The results of a realtor.com survey . . . showed that one-in-ten homeowners plans to sell this year, with 63 percent of those, looking to list in the next 6 months. Just as encouragingly, close to two-thirds of sellers plan to sell their homes at prices under $350,000, which would offer a tremendous boost to affordable housing for first-time buyers.”

Bottom Line

If you’re considering selling your house, don’t wait for more competition to pop up in your neighborhood. Let’s connect today to explore the benefits of selling your house now before more homes come to the market.

Blog author image

Nanci Gilbert, PA

Nanci strives to provide every client with a smooth and worry-free experience when it comes to buying and selling real estate. In an industry that can move very quickly, she prides herself on taking t....

Latest Blog Posts

5 Things Homebuyers Need To Know When Making an Offer.

5 Things Homebuyers Need To Know When Making an OfferWhen it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren

Read More

Owning a Home Has Distinct Financial Benefits Over Renting"

Owning a Home Has Distinct Financial Benefits Over Renting Some HighlightsWhen you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and

Read More

Housing Wealth The Missing Piece of the Affordability Equation

Housing Wealth: The Missing Piece of the Affordability EquationThe real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there

Read More

Don’t Wait To Sell Your House!

Don’t Wait To Sell Your HouseWe’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing

Read More