Are you thinking about selling your Lake Nacimiento home, but you’re not sure now is the best time to do so? You’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time to sell. The big dip in March and April of 2020 reflects how consumer sentiment dropped at the beginning of the pandemic as uncertainty about the health crisis grew. Since then, the percentage has grown consistently as more people feel confident it’s a good time to sell. In fact, survey respondents think it’s an even better time to sell a house today than they did in 2019, which was a strong year for the housing market. The latest survey results indicate one of the strongest peaks in seller sentiment in nearly three years. Below is a graph from Keeping Current Matters that outlines each month.

What Makes Today a Good Time to Sell?

One reason so many people think it’s a good time to sell is because there are still more buyers in today’s market than there are homes for sale. That’s driving home prices up, making it a good time to sell your house. Inventory in the Lake Nacimiento area is up though so there are plenty of options to move up to your next lake home. Alternatively, there are plenty of Lake Nacimiento homebuyers out there, and they really want your house. Give our Oak Shores Realty team a call today! Let’s discuss your goals, your timeline, and a plan of action, to make those goals a reality as soon as possible.

Grace Borzini

Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

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