Are You Asking Yourself These Questions About Selling Your House?

Are You Asking Yourself These Questions About Selling Your House?

Some homeowners hesitate to sell due to unanswered questions, often based on misconceptions rather than facts. Talking to an agent can clear up these doubts and reveal opportunities. If uncertainty is holding you back, here’s the data that provides the real answers you need.

1. Is It Even a Good Idea To Move Right Now? 

If you already own a home, you might be hesitant to sell due to higher mortgage rates on your next purchase. However, your move could be more achievable than you think, thanks to the equity you’ve built.  

Consider this: Have any homes in your neighborhood sold recently? If so, you might be surprised by the price. According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), the typical homeowner has gained $147,000 in housing wealth over the past five years.  

That equity could be the key to funding your next move.

2. Will I Be Able To Find a Home I Like? 

If this is on your mind, it might be because you remember how tough it was to find a home in recent years. However, today’s market is different.  

Data from Realtor.com shows that inventory has grown significantly—up nearly 25% compared to this time last year.

While inventory is still below pre-pandemic levels, it has improved significantly over the past year. Even better, experts predict it will grow another 10 to 15% this year. That means you’ll have more options for your move—and the best chance in years to find a home you love.

3. Are Buyers Still Buying?

And last, if you’re worried no one’s buying with rates and prices where they are right now, here’s some perspective that can help. While there weren’t as many home sales last year as there’d be in a normal market, roughly 4.24 million homes still sold (not including new construction), according to the National Association of Realtors (NAR). And the expectation is that number will rise in 2025. But even if we only match how many homes sold last year, here’s what that looks like.

• 4.24 million homes ÷ 365 days in a year = 11,616 homes sell each day
• 11,616 homes ÷ 24 hours in a day = 484 homes sell per hour
• 484 homes ÷ 60 minutes = 8 homes sell every minute

Think about that. Just in the time it took you to read this, 8 homes sold. Let this reassure you – the market isn’t at a standstill. Every day, thousands of people buy, and they're looking for homes like yours.

Bottom Line

When you're ready to discuss your concerns, I have the answers you need. In the meantime, what’s keeping you from making your move?