Now’s a Great Time To Sell Your House

Now’s a Great Time To Sell Your House

Considering selling your home? You might be factoring in current mortgage rates and how your needs have evolved to determine your next steps.

Another factor to consider: The latest Home Purchase Sentiment Index (HPSI) from Fannie Mae shows an increasing percentage of respondents who believe it's a good time to sell (see graph below).

Why Are Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

These are the seasons when most people move. That means buyer demand grows. And because there still aren’t enough homes for sale to meet that demand, sellers see some serious perks. According to Rocket Mortgage:

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

What Does This Mean for You?

Increased seller confidence is driving more homes onto the market. To capitalize on this trend, start preparing your home now. A local real estate agent can offer valuable advice on making your home attractive to buyers in your area and timing your listing for peak seasons like spring and early summer, when homes tend to sell quickly and for higher prices.

Bottom Line

When you’re ready to capitalize on the current seller's market, especially during the spring and early summer, let’s connect to make the most of your home sale.