time to sell

Well, if you’re a homeowner looking to get your home on the market, this might be the best time to sell.

Spring is coming and buyer demand – and motivation – is increasing.

Obviously, affordability is still an issue – prices remain high and mortgage rates seem stuck in the 6.5% area. Still, in past years, homes listed during this time period sold for 1.1% higher than the average week and 6.7% higher than the beginning of the year.

Listings also move faster during this time – up to 9 days or 17%.

Finally, the spring season is less likely to see price cuts, with nearly 21% fewer hoes cutting prices.

So – is it time to sell?

According to a recent survey by the National Association of Realtors, 77 percent of home owners believe that now is a good time to sell a house. While 55 percent believe that home prices will continue to rise over the next six months, most understand that the period of fast gains is nearing an end, thus making this an optimum time to sell.

The survey also reported a general optimism over the state of the economy with those in higher brackets of household income much more positive than those who make less.