{"id":10591,"date":"2020-07-21T02:27:36","date_gmt":"2020-07-21T02:27:36","guid":{"rendered":"https:\/\/elizabethjebef.com\/?p=10591"},"modified":"2020-07-21T02:32:52","modified_gmt":"2020-07-21T02:32:52","slug":"best-time-to-sell-when-competition-is-at-an-all-time-low","status":"publish","type":"post","link":"https:\/\/elizabethjebef.com\/?p=10591","title":{"rendered":"Best Time to Sell? When Competition Is at an All-Time Low"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>20 July 2020<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a&nbsp;<a href=\"https:\/\/www.lendingtree.com\/home\/mortgage\/lendingtree-survey-more-than-two-thirds-of-home-sellers-would-accept-a-lower-offer-price-amid-covid-19-crisis\/\" target=\"_blank\" rel=\"noreferrer noopener\">recent survey<\/a>&nbsp;of home sellers by&nbsp;<em>Qualtrics<\/em>, 87% of respondents said they were concerned their home won\u2019t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are \u201cseriously worried.\u201d That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest&nbsp;<a href=\"https:\/\/www.nar.realtor\/sites\/default\/files\/documents\/ehs-05-2020-breakouts-of-single-family-condo-and-co-op-2020-06-22.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Existing Home Sales Report<\/a>&nbsp;published by the&nbsp;<em>National Association of Realtors<\/em>&nbsp;(NAR) revealed that 340,000 single-family homes sold in this country last month. NAR\u2019s most recent&nbsp;<a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/housing-statistics\/pending-home-sales\" target=\"_blank\" rel=\"noreferrer noopener\">Pending Sales Report<\/a>&nbsp;(homes going into contract) surpassed last month\u2019s number by over&nbsp;<a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/07\/01\/a-historic-rebound-for-the-housing-market\/?a=610978-203cf30af1e15a5de8a63d55ab30d1b4\" target=\"_blank\" rel=\"noreferrer noopener\">44%<\/a>, which far exceeded analysts\u2019 projections of 15%.&nbsp;<em>ShowingTime<\/em>&nbsp;<a href=\"https:\/\/www.showingtime.com\/blog\/may-2020-showing-index-results\/?utm_source=feedotter&amp;utm_medium=email&amp;utm_campaign=blog_digest\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a>&nbsp;that appointments to see homes (both virtually and in-person) have increased in every region of the country and are up 21.4% nationwide over the same time last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While buyer activity is surging, the number of listings has fallen to an all-time low.&nbsp;<em>Zelman Associates,<\/em>&nbsp;in their latest&nbsp;<a href=\"http:\/\/www.zelmanassociates.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">residential real estate report<\/a>, revealed that housing inventory as a percentage of households has fallen to 1.2%, which is half of the long-term average and lower than any other time in our history.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What to do?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re thinking of selling, don\u2019t be concerned about putting your house on the market right now. There\u2019s no better time to sell an item than when demand for it is high and supply is low. It is exactly at that time when you will negotiate your best possible deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>20 July 2020 In a&nbsp;recent survey&nbsp;of home sellers by&nbsp;Qualtrics, 87% of respondents said they were concerned their home won\u2019t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are \u201cseriously worried.\u201d That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[220],"tags":[223,222,229],"class_list":["post-10591","post","type-post","status-publish","format-standard","hentry","category-homeowners","tag-being-prepared","tag-homeowners","tag-selling-your-home"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"elizabethjebef","author_link":"https:\/\/elizabethjebef.com\/?author=2"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts\/10591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10591"}],"version-history":[{"count":0,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=\/wp\/v2\/posts\/10591\/revisions"}],"wp:attachment":[{"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elizabethjebef.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}