We find valuable nuggets in Redfin’s surveys. Here are highlights:
- 40% of sellers say they plan to price their homes above market value.
- 51% plan to price their homes in the middle of the range, based on comps.
- sellers are more confident that now is a good time to sell.
- rising prices make them feel more confident that a home purchase is a secure investment.
- many sellers worry about being able to afford their next home.
- the majority plan to stay in the same type of neighborhood where they live now.
Our market is hot and inventory is tight, but will buyers step back if they perceive a property is overpriced — this, on top of the price increases they’ve already witnessed?
Photo credit: Flickr / Kevin Dooley
