Should You Sell Your Columbia, SC Home This Year?

Dated: January 29 2020

Views: 63

Should I Sell My 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. 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 the market. Let’s get together today to determine the best next step when it comes to selling your house this year.

Blog author image

Cindy Luoma

Working in real estate since 2001, Cindy resides in the beautiful Wildewood community of NE Columbia. There she enjoys ten months of mild weather and incredible Carolina blue skies with her husband To....

Latest Blog Posts

Should You Sell Your Columbia, SC Home This Year?

Should I Sell My House This Year?If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and

Read More

Deeded Access To Lake Murray for a Low Price!!

Click here to see more pictures and detailed information.Schedule a ShowingLake Murray Homes for SaleLexington County Homes with PoolsSearch All Columbia Area Homes For SaleCheck Out EXP RealtyCindy

Read More

104 Cowdray is Open Saturday 12-2PM!

Click here to see more pictures and detailed information.Schedule a ShowingWildewood Homes For SaleWildewood Country ClubSearch All Columbia Area Homes For SaleCheck Out EXP RealtyCindy

Read More

Class Brick in Earlewood Just Sold!

3319 Westbury Drive, Columbia, SCJust SoldDescriptionPhotosMaps & LocalSchoolsPrintColumbia Homes ValuesMoreFollow This HomeEarlewood Homes For SaleSearch All Columbia Area Homes For SaleCheck

Read More