Recently released data
from Fannie
Mae’s National Housing Survey revealed that rising home prices were the
catalyst behind an eight-point jump in the net percentage of respondents who
say now is a good time to sell to sell your home. The index is now 21 points
higher than it was this time last year and just below the all-time high in June
of this year. Overall, 62% of Americans surveyed said that now is a good time
to sell (up from 58%), while 26% of respondents said that now is not a good
time to sell (down from 30%). The net score is the difference between the two
percentages, or 36%.
As home prices have
increased, more and more Boston
homeowners have realized that now is a good time to sell their homes in
order to take advantage of the extra equity they now have.
Doug Duncan, Vice
President & Chief Economist at Fannie Mae, had this to say,
“In the early
stages of the economic expansion, home selling sentiment trailed home buying
sentiment by a significant margin. The reverse is true today. The net good time
to sell share is now double the net good time to buy share, with record high
percentages of consumers citing home prices as the primary reason for both
perceptions. Such a sizable gap between selling and buying sentiment, if it
persists, could weigh on the housing market through the rest of the year.”
Boston home buyer
demand continues to outpace the supply of homes for sale, which has driven
prices up across the country as well. All of this boils down to if you are
considering listing
your Boston home for sale this year, now is the time! Selling a home is an exciting and
complex adventure. Contact a Boston, MA real estate agent to get the selling
process underway!
Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com
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