Sellers Are Entering the Housing Market

Dated: May 19 2021

Views: 378

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 to explore the benefits of selling your house now before more homes come to the market. I'm at 803-610-1319 and bill@billjordanrealestate.

Blog author image

Bill Jordan

Local Partner. Global Connections. Discreet Service. After years of success in New York City, Bill returned to the South where he was born and raised. As a corporate public relations executive, Bil....

Latest Blog Posts

Current Luxury Home Trends

Current Luxury Home TrendsThe pandemic has changed nearly every aspect of our lives, including how we live in our homes. While beautiful finishes are still an essential part of a luxury home,

Read More

Home Values are Rising in 2021. What about 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices,

Read More

It's Still the Year to Sell Your House. Here's Why.

If you’re trying to decide whether or not to sell your house, now is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase

Read More

Real Estate: It's Still a Lack of Supply, Not a Lack of Demand

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting

Read More