Millennials & Boomers Upbeat About Selling Now

Share on facebook
Share on google
Share on twitter
Share on linkedin
We'd love to tell you more about Libertas and our growing community of 1,000's of real estate agents. As a premier eXp Realty partner, we'll provide everything you need to grow your business!

Key Highlights

  • New Opendoor survey indicates most Americans happy about selling in current market
  • Total of 71% think now is good time to sell

New Opendoor Survey – Now Is A Good Time To Sell

In a just released survey from Opendoor, 71% of Americans think that now is a good time to sell.

Contributing to their thoughts about now being a good time to sell, only a small minority of consumers believe that the housing market will remain as strong as it is now in a year or more.  The bottom line for many selling consumers is that “Let’s strike while the iron is hot.”

Most Optimistic by Demographics of “Now Is a Good Time

Gen-Z or Zillennials – 55%

Millennials – 76%

Gen-Xers – 71%

Boomers – 84%

Clearly, most consumers know that the housing market is hot right now, that inventory is tight and that sellers are generating profits by selling their homes.

Consumers Less Optimistic About Near Future Housing Market

According to Opendoor’s latest survey, consumers are less gung-ho about the coming, near-future housing market over the next 12 months.  Only 47% of survey participants believe the housing market will remain as strong as it is now for another year.

Take a look at the responses demographically:

  • Gen-Zers – 27%
  • Millennials – 54%
  • Gen-Xers- 49%
  • Boomers – 37%

Obviously, consumers have concerns/anxieties that a housing bubble is looming over the housing market despite industry experts and economists reiterating again and again that they do NOT see a market downfall coming.

On the other hand, some consumers are (secretly) hoping for a market collapse to break the spell of annual price increases (+14.8% y/y in April).  Such a bubble burst may, in their thinking, open the door to a more affordable and less competitive market.

Common Consumer Concerns

Pricing and available inventory (or lack of inventory) are the overriding concerns of consumers.

Other concerns across all generations include:

  • Getting the sale price/profit they need on a their existing home
  • Finding their next home
  • Simultaneously packing and moving while selling
  • High costs and fees related to selling
  • Increasing interest rates

 

Thanks to Opendoor and Inman.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.



P.S. Limited Space Available. 235 Spots Left.

ANYTHING TO SAY?

About Libertas

Libertas has become one of the largest, most innovative eXp partners in the world. Our cutting-edge technology is helping fuel agent careers to new heights. We invite you to join our 1,000’s of active Libertas agents today!

recent posts

get social

Libertas Community

STAY UP-TO-DATE ON THE MARKET