The best time to sell is in a seller's market!
Now we just have to make that determination based on our own, educated analysis. Remember the rule of supply and demand? So when demand is high and supply is low, the time is right.
Does this mean you wait to market your home until it is the perfect time? It depends.
Some questions to ask the seller who doesn't really have to sell now and is holding out for top dollar:
Let's say they have already moved and their house is sitting empty. They do need to be aware of the market and it is up to you to educate them.
Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house. Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report. REALTORS® CONFIDENCE INDEX Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that home-buying demand continued to outpace supply in May. The map
So you need to sell and you need to price the house right. Most homeowners make the mistake of pricing a home too high. I concur with having your price at the top to begin with, but if you don't get any action, then drop that price.
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