Is now the time to sell my Tooele County home?
Is this the time of year that I will have the most inconvenience? Get the best price? Get my house sold the quickest?
In my recent post, “why now is the best time to sell your home in Tooele UT”.. I go over a lot of the reasons why I think that the the first of the year is the best time of year to list your property. Take a quick read of that and then the balance of todays post will make sense.
Today I am posting information from KCM that deals with this very subject. The KCM folks look at winters house selling from a national perspective. I’ve copied that info for you.
Then I have included a few blog posts that I have written on my Tooele Real Estate Blog to give you a more localized flavor
I hope you enjoy!
Should I Sell My House in Tooele County This Year?
If one of the questions you’re asking yourself today is, “Should I sell my house in Tooele County this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!
That’s good info from a local perspective but what about this area specifically?
As the graph below shows, as of Q4 2019, 75% of people surveyed indicate they believe now is a good time to sell a home:In the case of those with a yearly salary of $100,000 or more, the results jumped even higher, coming in at an 82% positive sentiment.
When the study divided the outcomes by region, the results still consistently showed Americans feeling good about selling:
- Northeast: 71% positive
- Midwest: 76% positive
- South: 72% positive
- West: 81% positive
In addition to looking at income and region, the report also divided the results by generation, as shown in the graph below:As you can see, many believe that, despite everything going on in the world, it is still a good time to sell a home.
According to NAR, the unsold inventory available today “sits at a 3.0-month supply at the current sales pace,” which is down from a 3.7-month supply in November. The current inventory is half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory. This is good news for sellers, as Lawrence Yun, Chief Economist at NAR, says:
“Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”
If you’re ready to list your home, you can feel good about the current sentiment in the market. Let’s get together today to determine the best next step when it comes to selling your house this year.
Tooele UT Listing info From Berna Sloan
Check out this Tooele UT listing info from Berna Sloan if you are interested in listing, searching listings, buying or selling a house in Tooele UT. Berna is the very best. This week she posted a lot of new listings in various cities in Tooele County as well as some tips on listing your house and easy ways to search for the best buys on Tooele homes.
Take a look at what Berna has to say
I hope that you can use some of this Tooele UT listing info from Berna Sloan to either select an agent, sell your house or find a good buy in Tooele real estate. For more informations about any of these articles, give Berna a call @ 435-840-5029.
Ask Berna “is now the time to sell my Tooele County home”?