Most Homeowners Think Now Is A Good Time To Sell

Most Homeowners Think Now Is A Good Time To Sell

The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on the U.S. economy.”

The survey revealed that 75% of homeowners think now is a good time to sell, compared to 70% last quarter. This is a considerable increase from more than a year ago when 66% agreed.

Even though homeowners believe that now is a good time to sell, many have not taken the step to list their homes, as inventory shortages still exist across the country. Lawrence Yun, NAR’s Chief Economist, had this to say:

“There are just not enough homeowners deciding to sell because they’re either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy…

As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth.”

Bottom Line


If you are wondering if now is a good time to sell your house, get together with your local eXp Realtor to discuss the opportunities available in your market.  Contact me if you need help finding an eXp Realtor near you.  I sell Real Estate in downtown Chicago.



Image title



Maybe you wonder how much your home is worth?  Create your own custom Chicago market report.  See all properties for sale, under contract, and sold.


Interested in finding a new home to move into?  Search Condos For Sale, Single Family Homes For Sale, or Townhomes For Sale in Chicago.



Russ Vilt Headshot
Author:
Phone: 312-835-2550
Dated: April 5th 2018
Views: 66
About Russ: Get your free selling, buying, & luxury guide here: https://www.russvilt.com/ Search for your dre...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

You Might Be Leaving Money At The Closing Table - In this second installment I talk
Competing Offers In Wicker Park Sellers Market - I'm thrilled to tell you 1546 N
Signs Of Generations Moving And More Inventory Coming To The South Loop - Like last month, low inventory and
Cure Ald FUNDRAISER - Hello friends!  👼;

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Illinois
939 West North Avenue, Suite 750
Chicago, IL
312-436-0599