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Consumers Agree: It’s a Good Time To Sell

Consumers Agree: It’s a Good Time To Sell | MyKCM

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae76% of consumers believe now is a good time to sell.

Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below shows the percent of survey respondents who say it’s a good time to sell a house, and their positive outlook is on the rise. The big dip near the middle of the chart indicates how consumer sentiment about selling dropped at the beginning of the pandemic as uncertainty about the health crisis and its impact grew. The good news is, the trend today shows a continued, drastic improvement, and people are feeling more and more confident with time about selling a home.

In fact, survey respondents think it’s an even better time to sell a house today than they did in the lead-up to the health crisis. The latest survey results indicate we’re at one of the strongest peaks in seller sentiment since March of 2019, hitting highs when 77% of people thought it was a good time to sell only twice before in June and October of 2021.

Consumers Agree: It’s a Good Time To Sell | MyKCM

Why Are Consumers So Optimistic About Today’s Housing Market?

From record-high equity gains to record-low housing supply and significant buyer demand, homeowners have more motivation than ever to sell. There are more buyers in today’s market than there are homes for sale, and that’s driving home prices up, making it a great time to sell your house.

According to the National Association of Realtors (NAR), the current supply of homes for sale today is at a 1.8-month supply, which is an all-time low. When the supply of homes for sale is low, sellers will likely see more offers, which is exactly what’s happening right now. As NAR notes:

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

Bottom Line

With the inventory of houses for sale so low today pushing home prices in an upward direction, it’s no wonder consumers think it’s a good time to sell. If you’re ready to take advantage of today’s favorable sellers’ market, let’s connect today.

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Jennifer Karczewski

Jennifer is originally from Green Bay, WI where she studied management and economics while earning both her bachelors and masters degrees in Business Administration. In 2006, Jennifer and her family took their first of many vacations to the lowcountry. Like many of us that end up here, she was drawn to the area. After many vacations, Jennifer and her family made the decision to leave their home in Green Bay and move south. They spent 8 years in NC, where they continued to visit the lowcountry. While in NC, Jennifer received her real estate license and found success in a short period of time because she enjoyed helping her clients find the home of their dreams! At the end of 2020 Jennifer and her husband David made the decision to finally make the move to the lowcountry! Shortly after, their youngest daughter moved to Bluffton. During 2021, Jennifer has been a critical part of The J Romero Group by heading up the creation, coordination and administration of The J Romero Group. As the Team continues to grow, Jennifer will be stepping out of many of the administration duties and into the field to help our clients sell their homes for top dollar as well as finding our buyers the home of their dreams!

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