We are excited to share with you new findings from a survey of over 300 potential home sellers. America's housing market is on the upswing, and more people than ever are looking to sell their homes this winter.
The good news is that many have already started preparing for the process by taking stock of their finances, securing a pre-approval loan, and researching what they can expect in terms of costs.
With just under half of all respondents saying that they plan to list within 6 months or less, it's important to know that the majority have done their homework ahead of time so they're not caught off guard when it comes time to make decisions about where and how much they'll be spending on repairs or renovations before listing their home for sale.
George Ratiu, Manager of Economic Research for realtor.com, said:
“The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter.”
65% of prospective sellers plan to enter the market this winter. This is up from 58% last year and 54% in 2016. What could be driving these numbers? Some believe it's because they are waiting for prices to rise before they put their home on the market; others say it is the overall increase in demand.
Whether you're looking for a starter home or your dream house, now is a great time to explore what's out there in your desired location!
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