{"id":1988,"date":"2021-08-25T14:02:40","date_gmt":"2021-08-25T14:02:40","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1988"},"modified":"2021-08-25T14:02:40","modified_gmt":"2021-08-25T14:02:40","slug":"2021-still-year-sell-house","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/2021-still-year-sell-house\/","title":{"rendered":"Why 2021 Is Still the Year To Sell Your House"},"content":{"rendered":"
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Why 2021 Is Still the Year To Sell Your House<\/p><\/div>\n

If you\u2019re trying to decide whether or not to\u00a0sell\u00a0your house<\/a>, this is the time to think seriously about making a move.\u00a0Fannie\u00a0<\/em>Mae\u2019s<\/em>\u00a0recent\u00a0Home Purchase Sentiment Index<\/em><\/a>\u00a0(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 (see graph below<\/em>).\u00a0Today, the majority of consumers, 75 percent, say it\u2019s a good time to\u00a0<\/strong>sell a house<\/strong><\/a>.<\/p>\n

\"\"

Home Purchase Sentiment Index<\/p><\/div>\n

Why is sellers sentiment up year-over-year?<\/strong><\/h4>\n

The higher good time to sell sentiment has to do with today\u2019s\u00a0market 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

According to\u00a0the latest data<\/a>\u00a0from the\u00a0National Association of Realtors\u00a0<\/em>(NAR), we\u2019re still firmly in a\u00a0sellers\u2019 market<\/a>\u00a0because housing supply is well below a balanced norm (shown in the graph below).<\/em><\/p>\n

\"\"

Housing Supply Since 2014<\/p><\/div>\n

Clearly, the scales are tipped in a seller\u2019s favor today. But while\u00a0housing supply<\/a>\u00a0is undeniably low, the right side of the graph shows how the inventory situation is improving little by little each month as more sellers list their homes for sale.<\/p>\n

As a seller, that means each month, buyers have more options to pick from. By extension, that means your house may get less buyer attention with time. Danielle Hale, Chief Economist for\u00a0realtor.com,\u00a0<\/em>explains it like this<\/a>:<\/em><\/p>\n

\u201cMore homeowners continue to list homes for sale compared to a year ago<\/strong>\u2026\u00a0Notably, while new listings continue to lag behind a more \u2018normal\u2019 2019 pace,\u00a0the gap is shrinking<\/strong>. Even though homes continue to\u00a0sell quickly\u00a0thanks to high demand and limited supply,\u00a0new listings are subtly shifting the balance of market conditions in favor of buyers<\/strong>.\u201d\u00a0<\/em><\/p><\/blockquote>\n

So, what\u2019s that mean for you?<\/strong><\/h4>\n

If you\u2019ve been waiting for the perfect time to sell, there may not be a better chance than right now. Inventory is gradually increasing each month, so selling sooner rather than later will help you maximize your\u00a0home\u2019s potential<\/a>.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re planning to sell your house, 2021 is still the year to do it. The unique mix of low supply and high demand won\u2019t last forever. Let\u2019s connect to discuss what you need to do now to sell your house and take advantage of this sellers\u2019 market.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Fannie\u00a0Mae\u2019s\u00a0recent\u00a0Home Purchase Sentiment Index\u00a0(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. Finish Reading Why 2021 Is Still the Year To Sell Your House<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[15,226,18,329,27,91,25,9,49,42,40,13,28,326,197,54,47,19,6],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1988"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1988"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1988\/revisions"}],"predecessor-version":[{"id":1992,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1988\/revisions\/1992"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}