Is Now a Good Time to Sell?

Recent news about the housing market may have you wondering if it’s still a good time to sell. While rising interest rates have impacted buyer demand, there are other factors that still make it favorable to sellers. The lack of homes for sale is one of the driving forces. Data from the NH Assoc. of Realtors showed a 1.7 month supply of homes to sell in Sept. Less than a 6 month supply is considered a seller’s market. Houses are still selling quickly - 21 days on market thru Sept. This is well below pre-pandemic levels with 56 days in 2019 and 61 days in 2018, which were good years.

Buyer demand is declining but it hasn’t disappeared. In fact, the showing activity levels are higher than the pre-pandemic years based on the ShowingTime Showing Index. In Sept. 2022, the index for the Northeast was 168. In 2019 it was 120, in 2018 in was 113, and in 2017 it was 123. (The index measures showing traffic and a higher number means more showings in a given month).

Bottom line, there is low inventory and houses are selling faster than pre-pandemic. There are fewer buyers than in the previous two years but they are active and committed to buying. Contact me if you’d like to know what a shift in this market means for your home sale.

Contact Donna Forest: 603-526-4116; www.DonnaForest.com; Donna@DonnaForest.com 

You’ll be moving in the right direction with Better Homes & Gardens Real Estate - The Milestone Team