We've written before
about how the 2018 housing market was a good time to sell a home. Although prices have slowed and mortgage rates have risen a little, you can't go back to get in on 2018 economics. Still, selling now is better than later, and here's why.
If you purchased a home in the last couple of years, still love it and are happy where you are, you can probably afford to wait five or so years before you think about moving up or moving out. But if you're on the fence about selling this year or next, spring of 2019 will be the better time to put your home on the market.
Many experts are encouraging home owners planning to sell in the near term to go ahead and list. Nick Ron, CEO of House Buyers of America, was recently quoted in U.S. News and World Report
suggesting sellers should be "Going with the devil you know rather than the devil you don’t. I think it’ll be better than 2020 and 2021 – who knows what’s going to happen in those years,” Ron said.
Home prices have admittedly slowed in the third quarter of 2018, with buyers fearing higher interest rates and finding little inventory to buy. 2019 won't see buyers flooding the market driving prices up, but it's unlikely to be a crisis for home sellers.
Global Property Systems says:
If you intend to sell, don't play the waitiing game. New buyers are continuing to enter the market. The biggest wave are millennials, who are mostly first-time buyers. Interest rates are still "low-ish." As of the end of February 2019 interest rates are down slightly to 4.35 percent. For home owners with high equity, selling now will be better than waiting until 2020.