Now is the best time for Americans to list a house for sale

According to data from the National Association of Realtors, US housing prices are higher now than they have been in six years and more of them are selling at the asking price or above. Furthermore, early summer is the best time to sell your house because more houses get sold at their asking price and the median prices are higher.  I’ve heard that before, but both of these data series confirm the anecdotes.

In fact, the median price in the summer is over 20% higher than the median price in the winter, so the magnitude of the seasonal swing is enormous.  Much bigger than I would have guessed. Assuming it takes about two months to get a house listed and sold, then about now is the sweet spot to start listing a house for sale.

And although US mortgage delinquency rates are not all the way down to normal, they are way down from the peak, so the housing market is healthier than it has been in a decade:

Advertisements
Posted in Macro

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 36 other followers

Blog Archive