If you\u2019re trying to decide whether or not to sell your house<\/a>, this is the time to think seriously about making a move. Fannie Mae\u2019s<\/em> recent Home Purchase Sentiment Index<\/em><\/a> (HPSI) reveals the number of respondents who say it\u2019s a good time to sell is higher now than it was over the past few summers.<\/p>\n\n\n\n This higher sentiment has to do with today\u2019s market conditions<\/a>, specifically low housing supply, and high buyer demand. In the simplest terms, we don\u2019t have enough houses available for sale to meet buyer demand.<\/p>\n\n\n\n According to the latest data<\/a> from the National Association of Realtors <\/em>(NAR), we\u2019re still firmly in a sellers\u2019 market<\/a> because the housing supply is well below a balanced norm.<\/em> But while the housing supply<\/a> is undeniably low, the inventory situation is improving little by little each month as more sellers list their homes for sale.<\/p>\n\n\n\n As a seller, that means each month, buyers have more options. By extension, that means your house may get less buyer attention with time. Danielle Hale, Chief Economist for realtor.com, <\/em>explains it like this<\/a>:<\/em><\/p>\n\n\n\n \u201cMore homeowners continue to list homes for sale compared to a year ago<\/strong>\u2026 Notably, while new listings continue to lag behind a more \u2018normal\u2019 2019 pace, the gap is shrinking<\/strong>. Even though homes continue to sell quickly thanks to high demand and limited supply, new listings are subtly shifting the balance of market conditions in favor of buyers<\/strong>.\u201d <\/em><\/p><\/blockquote>\n\n\n\nWhy is sellers sentiment up year-over-year?<\/strong><\/h4>\n\n\n\n
So, how does this translate if you are a Homeowner considering a sale?<\/strong><\/h4>\n\n\n\n