1. Rates are still historically low, drawing buyers into the market

We may not have the lowest interest rates we have seen recently, but they are still historically low, driving home buyers to the market.

2. Inventory is still tight w/ a high demand

Simply put, there are more buyers than available homes—particularly in red-hot markets where land is scarce, and it isn’t cheap to build.

And the housing shortage will likely get worse before it gets better: Realtor.com data predict inventory will remain tight in the first part of this year, reaching a 4% year-over-year decline by mid-year.

3. Home Prices are still on the rise for most price points

Across the United States, home prices continue to rise, which translate to more money in your pocket.

Moving forward, Realtor.com predicts that the increase in median sales price will be moderate but decreased over recent years.

The bottom line is you still stand to make a profit off of your home, but the earlier you can list the better, due to talks of a possible recession in 2020.

4. People have more money in their pocket

Record levels of consumer confidence, low unemployment, and stock market surges are setting the stage for a good home buyer turnout this coming year.

5. Millennials are ready to commit

Millennials, often crippled by student debt, have been especially hampered by rising interest rates and higher home prices.

Moving forward, with the expectations of rising interest rates, experts predict that they will take the plunge of purchasing a home before interest rates continue to rise.

More home buyers entering into the market can only mean good things for sellers.