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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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New York statewide home sales remain strong in February

The New York State housing market continued to post solid numbers in February, reaching 7,328 closed sales despite a 6.2-percent decline from February 2017. The February statewide median sales price of $260,000 represented an increase of 8.8 percent from a year ago. Click here to read more.