Weekly real estate market update 5/21/21… more sellers may be in sight

Market Stats YTD – 2021-05-21

It’s heartening to see the new listings rising. I did a double take when entering the coming soon number this week… it is exactly the same as last week, steady and strong. Showings are consistent with two years ago. Expect it to drop as it usually does over the Memorial Day holiday weekend next week.

ShowingTime Stats 2021-05-19

In spite of new listings rising, it hasn’t been enough to meet the demand. Fannie Mae reported that more consumers are saying it’s a good time to sell and realtor.com reports that one in ten homeowners plans to sell this year… read about how it could be good news for first-time homebuyers in our blog post below from Keeping Matters Current


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Sellers Are Ready To Enter the Housing Market

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan, Senior Vice President and Chief Economist at Fannie Maeindicates:

Consumer positivity regarding home-selling conditions nearly matched its all-time high.” 

Sellers Are Ready To Enter the Housing Market | Simplifying The MarketFannie Mae isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, Senior Economist at realtor.comshares:

“The results of a realtor.com survey . . . showed that one-in-ten homeowners plans to sell this year, with 63 percent of those, looking to list in the next 6 months. Just as encouragingly, close to two-thirds of sellers plan to sell their homes at prices under $350,000, which would offer a tremendous boost to affordable housing for first-time buyers.”

Bottom Line

If you’re considering selling your house, don’t wait for more competition to pop up in your neighborhood. Let’s connect to explore the benefits of selling your house now before more homes come to the market.


Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com

Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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