Homeowners: Now Is A Good Time To Sell Your House

Monday, April 22, 2019   /   by Nicole Solari

Homeowners: Now Is A Good Time To Sell Your House

Homeowners: Now Is A Good Time To Sell Your House


Homeowners: Now Is A Good Time To Sell Your House



Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.


As we can see in the following table, the number of people who moved last year is half of what the rate was in the 1980s.


Homeowners: Now Is A Good Time To Sell Your House | Keeping Current Matters


This does not come as a surprise, as tenure length (the number of years someone owns a home before moving again) among existing homeowners has increased. It has risen from an average of 6 years from 1985 to 2008, up to 9.5 years over the last few years. This is shown in the graph below:


Homeowners: Now Is A Good Time To Sell Your House | Keeping Current Matters


As we can see, there is a pent-up seller demand!


What led to this change in behavior? Falling prices during the housing crisis led to many homeowners having negative equity in their home, meaning they owed more on their mortgage than the home was worth. Others were able to secure a low interest rate on their mortgage and have not been quick to obtain a new mortgage with a higher rate.


Will this trend continue?


Recently NAR reported that “69% of people believe now is a good time to sell a home.”


With a strong economy, low interest rates, and wages continuing to rise, some homeowners will be ready to put their house on the market and move up to the home of their dreams!


Bottom Line


There is a great opportunity for sellers to take advantage of the current real estate market before new inventory comes to market. If you are considering selling your house or would like to know your options, contact a local real estate professional today who can help you to understand the possibilities available to you!



  real estate, home ownership, homes for sale, real estate agent, selling, home price, napa valley, solano county, for sale, selling tips, housing market

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:November 18, 2019