A Good Time to Buy 
As we conclude the third quarter of 2019, the average sales price for a single family home climbed by 6.2% year-over-year and 65% of people surveyed by the National Association of Realtors believe that now is a good time to buy a home.
Only 35% of people in the survey think it isn’t a good time to buy a home.
The contributing factors to this are the robust economy, the inventory shortages and the acceleration in average rents, which stood at $1,467 the last time it was measured.
Even Millennials are more likely to think that it is a good time to buy a home.
A Good Time to Sell
On the other side of the equation are the sellers, of whom 73% see that now is a good time to sell a home. This makes for a very motivated market. This is an even higher percentage than 65% the last time it was reported.
Chart of those who think it is a good time to sell.
Millennials Gen X Younger Boomers Older Boomers
67% 76% 74% 76%
Most age groups in the US believe that the economy is going to continue to improve (55%).
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.