|May 01, 2017|
|Redfin Survey: One in Four Home Sellers Report Having No Concerns About Selling|
Sellers are Less Likely to be Worried about Finding a Replacement Home Going into Spring
SEATTLE — May 1, 2017 — One in four home sellers said they have no concerns about selling this spring, according to an April survey of nearly 900 homeowners conducted by Redfin (www.redfin.com), the next-generation real estate brokerage.
The 179 survey respondents who indicated that their home was currently listed for sale or that they were planning to list in the coming year (considered “home sellers” for reporting purposes) ranked “none” as their most common response when asked to select their top three concerns about selling. In a similar survey conducted in January, this response was the eighth-most common, with 16 percent of sellers choosing it.
Last month, 18 percent of sellers expressed concern about finding another home to buy, down from 24 percent in January.
“Despite strong sentiment among current home sellers, the numbers show prospective sellers have been very slow to list their homes. New listings dropped 2.3 percent in the first three months of the year compared to the same period last year,” said Redfin chief economist Nela Richardson. “Would-be sellers are likely waiting for prices to peak; they’re trying to time the market to fetch the largest possible gain. Whether the confidence of the current cohort of sellers translates into more new listings in the coming months is the number one question that determines whether 2017 will be a good year or a great year.”
Other findings that reveal a high level of confidence among sellers this spring include:
To read the full report, complete with charts and insights from Redfin real estate agents, visit:
About the Survey