Why homeowners are optimistic about selling in 2020
If you've been on the fence about selling your house for the last few years, playing the waiting game to see if prices will continue to go up, 2020 could be the year to get your home on the market.
A January 2020 survey by the National Association of Realtors revealed that 74% of people believe that now is a good time to sell a home. In addition, 89% of households surveyed believe that home prices will continue to go up or stay the same in the next six months.
Although the rate of rising home prices has gradually slowed, prices are expected to continue to rise this year. Interest rates should remain low throughout 2020, encouraging more buyers to enter the market.
While many people are optimistic about the real estate market this year, there is a lot of uncertainty about what 2021 could bring. Unless you are planning to stay in your home for several more years, 2020 could be the best time for you to cash in on a strong selling market.
Now is the time to start preparing so you'll be ready when the spring selling season ramps up. Our team at Harnish Properties has many years of combined experience and a strong understanding of the Lake Oswego community and trends in the local real estate market. If you're wondering if now is the right time to sell, give us a call.
201 B Avenue, Suite 101
Downtown Lake Oswego