Is This the Year to Sell My Texas House?

Dated: January 28 2020

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Should I Sell My Texas House This Year?

Should I Sell My House This Year? | MyKCM

If one of the questions you’re asking yourself today is, “Should I sell my house 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. The Fort Worth Star-Telegram reports "Dallas-Fort Worth represented Texas among the top five cities for added value in 2019". 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! 

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:Should I Sell My House This Year? | MyKCMIn 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:Should I Sell My House This Year? | MyKCMAs 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.”

Bottom Line

If you’re ready to list your home, you can feel good about the current sentiment in your market. To find what your home may be worth in today's market, simply click here. Let’s get together today to review the report and determine the best next step when it comes to selling your house this year. Voice or Text at 87-723-9367 or VideoPhone (ASL) at 682-200-1396.

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Amy Lilly

#ALilly2sell4u Being a proud 7th generation Texan, Amy was born and raised in the Tarrant/Johnson County area and now settled in Crowley for over 20 years. She with her husband, Billy have one son, Ch....

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