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, this may be the perfect time to sell!! Contact me today to discuss your options. 949.295.5105

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

Thursday July 7th, 2016 For Sellers, Housing Market Update

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.

Though 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...MORE