Virginia Gardner

Back To Blog

Why 2021 Is Still the Year To Sell Your House

Why 2021 Is Still the Year To Sell Your House | Simplifying The Market

If youre trying to decide whether or not to sellyour house, this is the time to think seriously about making a move. Fannie Maes recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say its a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say its a good time to sell a house.

Why 2021 Is Still the Year To Sell Your House | Simplifying The Market

Why is sellers sentiment up year-over-year?

The higher good time to sell sentiment has to do with todays market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we dont have enough houses available for sale to meet buyer demand.

According to the latest data from the National Association of Realtors (NAR), were still firmly in a sellers market because housing supply is well below a balanced norm (shown in the graph below). Why 2021 Is Still the Year To Sell Your House | Simplifying The MarketClearly, the scales are tipped in a sellers favor today. But while housing supply is undeniably low, the right side of the graph shows how the inventory situation is improving little by little each month as more sellers list their homes for sale.

As a seller, that means each month, buyers have more options to pick from. By extension, that means your house may get less buyer attention with time. Danielle Hale, Chief Economist for, explains it like this:

More homeowners continue to list homes for sale compared to a year agoNotably, while new listings continue to lag behind a more normal 2019 pace,the gap is shrinking. Even though homes continue tosell quicklythanks to high demand and limited supply,new listings are subtly shifting the balance of market conditions in favor of buyers.

So, whats that mean for you?

If youve been waiting for the perfect time to sell, there may not be a better chance than right now. Inventory is gradually increasing each month, so selling sooner rather than later will help you maximize your homes potential.

Bottom Line

If youre planning to sell your house, 2021 is still the year to do it. The unique mix of low supply and high demand wont last forever. Lets connect to discuss what you need to do now to sell your house and take advantage of this sellers market.

Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


  1. No comments. Be the first to comment.