Is It The Right Time To Put Your House On The Market

Dated: August 16 2016

Views: 626


Is Now the Right Time to Put Your House on the Market …or Not? | MyKCM

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:


“With last month’s decline, the index reading is still the third highest in the past year, but declined year-over-year for the first time since August 2014.”


The mainstream media ran headlines highlighting that the index had dropped for the first time in two years. Many read this as an indication that the housing market must be slowing down.


If you were thinking that now may be the perfect time to put your house on the market, these reports may have caused you some concern. We want to alleviate that concern today.


Is Now the Right Time to Put Your House on the Market …or Not? | MyKCMThough it is true that the index dropped in last month’s report, let’s take a closer look at the numbers. Below is a graph of the index since January 2014. We can see that the index has increased every month over the last eighteen months, leading up to this past May.


Lawrence Yun, Chief Economist at NAR, explained that it wasn’t a slowing of the market that caused the index to slip, but instead a lack of housing inventory:


“Total housing inventory at the end of each month has remarkably decreased year-over-year now for an entire year. There are simply not enough homes coming onto the market to catch up with demand.”


Here is a graph depicting the situation Yun was referencing:


Is Now the Right Time to Put Your House on the Market …or Not? | MyKCM

Bottom Line

Did the latest numbers from the Pending Home Sales Index cause you to question if now is a good time to put your house on the market?


If anything, it indicated the exact opposite: that this may be the perfect time to sell!!


Blog author image

Julie Baldino

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

How Your Homes Deal Breaker Can Attract The Perfect Buyer

When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things

Read More

Low Inventory Might Help You Sell Your Home During COVID

Selling Your Home During COVID? You Might Have an Edge... Less is more when it comes to successfully selling your home during the COVID pandemic. That’s because if you’re still going ahead

Read More

Millennials Will Do Whatever It Takes To Own A Home

Millennials are facing major stress trying to come up with ways to balance a down payment,student loans, and impending mortgages, but they are finding solutions: (Image provided by

Read More

5 Upgrades That Do Not Add Value To Your Home

Today I’m going over the five upgrades you should avoid when preparing to list your home.  If you’re looking to put your home on the market, there are probably some projects you have

Read More