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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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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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