Considering Selling Your House? Here's Why Now’s a Great Time

Are you contemplating putting your house on the market? If so, you might be considering various factors, including current mortgage rates and your evolving lifestyle needs to determine the right timing for your sale.

Consider this: The latest Home Purchase Sentiment Index (HPSI) from Fannie Mae indicates a growing belief that it’s an opportune time to sell a house (refer to the graph below):

Why Are Sellers So Optimistic Right Now?

A key reason for this optimism is the seasonal advantage. According to a recent Bankrate article:

"Late spring and early summer are traditionally the peak times to sell a house... While current rates are relatively high, the ongoing low inventory continues to favor sellers in most housing markets."

This period aligns with the time many people choose to relocate, which naturally boosts buyer demand. Despite the higher mortgage rates, the limited number of available homes means sellers enjoy considerable benefits. Rocket Mortgage notes:

"Houses listed at the end of spring and beginning of summer not only sell quicker but also tend to fetch a higher selling price."

What This Means For You

An increasing number of sellers are recognizing that the market conditions are ideal for selling. This realization is driving more homeowners to list their properties. If you're considering joining them, now is the time to start getting ready.

A local real estate agent can provide invaluable guidance on preparing your house for sale, from making necessary improvements to ensuring it appeals to buyers in your area.

They'll also advise that listing during the peak seasons of spring and early summer could mean a quicker sale at a better price due to heightened demand.

Bottom Line

Listing your home in the spring or early summer could result in a quick sale at an advantageous price. When you’re ready to capitalize on the current favorable market for sellers, it's time to connect and take action.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

3007 W Horizon Ridge Pkwy, Ste. 210, Henderson, NV 89052