Should I Sell My House Now?

Key takeaways: It’s a good time to sell your house if you price correctly and are open to negotiation. There are 63% more home sellers than buyers in the market, giving buyers a strong advantage. Mortgage rates remain elevated and volatile as tensions in the Middle East push inflation and economic concerns higher. Selling now could help you avoid potential price swings if the economy moves toward recession or inflation – it might not pay to wait for a better market unless you want to wait a while. If you’re thinking about selling your home this fall, you’re not alone. The housing market has strongly favored buyers all year – and with more homeowners getting antsy to move, the needle continues to move in buyers’ direction. As costs continue to climb, it’s natural to wonder when it will finally make sense to take the leap. The typical monthly housing payment has topped $2,600, and house prices have climbed faster than wages in recent months. These costs have scared many buyers, leading to a slow housing market with much more supply than demand. The conflict in the Middle East has added to the struggles, pushing up mortgage rates, reigniting inflation worries, and adding to bond marke...