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Homeowners think now is a good time to sell !
Here is a brief recap of real estate market:
- Interest rates remain at or around all-time lows;
- The demand for homes is greater than the number of homes for sale;
- As a result, the price of homes have increased significantly;
- The summer months represent the majority of home sales for the year with the hot season ending in August;
- The typical homeowner is aware of the season and increase in value of their homes, which is why 75% of those surveyed by NAR believe now is a good time to sell;
- Though they believe now is a good time to sell, the vast majority have not taken any steps to do so.
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