81% Of Home Sellers Believe Home Prices Will Continue To Rise

January 25, 2013

in News

81% Of Home Sellers Believe Home Prices Will Continue To Rise

According to Redfin’s Real-Time Seller Survey, homeowner confidence continues to rise – 22% of sellers believe now is a good time to sell, up from just 15% three months ago – indicating a potential easing of tight inventory in the coming months. After watching the housing market become increasingly seller-friendly throughout 2012, the year closed with sellers indicating an increasingly positive outlook. 34.1% indicated that missing out on future price gains was a major concern about selling now – up from 30.6% last quarter and overtaking general economic conditions as the top concern. 49% of respondents indicated that they were planning to sell, up from 45% in the fourth quarter. The percentage of sellers who believe prices will rise either “a lot” or “a little” in the next twelve months shot up even further in the first quarter. 81.2% of respondents believe that prices will rise in their neighborhood, up from 74.6% in the fourth quarter. [Read this article]

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