Of the 895 respondents recently surveyed by online real estate broker Redfin, less than half, 49% to be exact, indicated that they were planning to sell their homes.
Even further, only 22% believe now is the time to sell. While this is up from 15% in the fourth quarter, the number remains relatively low.
This, in large part, is based upon the fact that 81% believe home prices will rise in 2013. Those in the 81% are not far off, as the Federal Housing Finance Agency reported just that in its latest house price index. In fact, from November 2011 to November 2012, prices rose 5.6% and are predicted to continue their upward trajectory into 2013.
Because of this, some sellers are more inclined to wait. More than 34% of sellers indicated that missing out on future price gains was a major concern.
These future price gains have buyers wanting to get in now too, before prices jump much higher. Of those surveyed, 54% believe now is a good time to buy.