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Quarterly HOME survey shows more homeowners think now is a good time to sell

Jun 26, 2017
Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of REALTORS offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings. That’s according to NAR’s quarterly Housing Opportunities and Market Experience (HOME) survey, which also found that fewer renters think it’s a good time to buy a home. 

According to the survey,  71 percent of homeowners think now is a good time to sell this quarter, which is up from last quarter (69 percent), and considerably more than a year ago (61 percent).

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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.