Petaluma Home Sales

I receive an email each Monday from my Brokerage at Pacific Union that contains several articles of Real Estate subjects and information.  The first article I read was titled, “Is now the best time ever to sell your home,?”  Let that sink in for a minute.  I repeated that phrase in my own head over and over for about a minute.  My first answer is that this question is impossible to answer.  Although clients want every Realtor to take our their crystal ball and start a seance on call to establish what is the best time to sell, there are too many factors to know the exact apex of any market.  Interest rates, inventory, the economy, ect are all factors in knowing when or when not to sell.  The second answer to the the question stated above is, although no one really knows when the exact best time to sell their home is, we do know today is the best time in a long time.  What we know is that public confidence in the housing market is at an all time high.  Fannie Mae’s latest Home Purchase sentiment rose to 91.7 in April, an all-time high, with five of the six indicators increasing from the previous month. Forty-five percent of respondents to the poll believe that now is a good time to sell a home, which is also the highest in the survey’s history.  Top this with the U.S. unemployment rate that fell to 3.9 percent in April which is near an 18 year low and you have a home listing recipe for success.  Here in the Petaluma real estate market we will never know when the true perfect time to sell is until a year after it happened.  However, if we closely read the research from above I can confidently say right now is as good as time as any to list that home.      

Thanks For Reading,

Mike Ward, Petaluma Realtor.