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 housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.
Recently, Homes.com released the findings of a survey that identified these concerns, as well as what it will take for homeowners to feel comfortable selling their houses. Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.
Did you know that nearly half of all moves take place between May and Labor Day? With 40 million Americans moving each and every year, that means nearly 20 million people will be moving into new homes in just a matter of a few months.
While you may think you have plenty of time to prepare for the sale of your home for a summer move, time is running out.
Like many others, you realize what an ideal time summer is to make a move due to the fact it may be less disruptive for your kids or an easy time to take some of that built-up vacation leave you have stored away to use towards your move. The warm, sunny weather also makes for ideal moving conditions.
Topics: Selling your Home