It’s been mostly a “buyer’s market” in the majority of housing markets for the past few years, but more Americans are seeing home buyers’ power in home sales and negotiations slipping away. Our regional low listing inventory adds fuel to this prediction.
More Americans are reporting increased optimism when it comes to selling a home as prices take a turn upward, according to a recent survey. Does your market reflect this?
About 28 percent of Americans say it’s a good time to sell now, inching up from 13 percent last quarter, according to a survey by Redfin of more than 1,200 potential buyers in 18 metro areas.
Nearly 60 percent of the survey’s respondents say they think prices will rise this year, up from 34 percent last year.
Seventy-one percent of the respondents surveyed also said they are seeing more bidding wars and multiple bids on homes today. Please provide your comments.
Source: “Redfin: Homebuyers Think the Market is Beginning to Favor Sellers,” HousingWire (June 4, 2012)