Interested in Your Own Personally Branded Magazine? Click Here!

Want to customize this content for your business?

Learn More

Categories

  • Home Improvement
  • Decor
  • Household Management
  • Landscaping & Garden
  • Food & Recipes



General

  • About the Magazine
  • Contact Us
  • Customize Magazine


Editorial

  • Issue Archive
  • Editorial Calendar

  • Home Improvement
  • Decor
  • Household Management
  • Landscaping & Garden
  • Food & Recipes
  • Search
  • Follow
  • 0 Heart
  • |
  • Food & Recipes Categories
    • No categories
  • Holiday & Entertaining Categories
    • No categories
  • Decor Categories
    • No categories
  • Real Estate Categories
    • No categories
  • Life & Culture Categories
    • No categories
  • Home Categories
    • No categories

Follow us on social media today!

Facebook Twitter LinkedIn

Is It a Good Idea to Sell in a Recession?

Buying & Selling | By Bonnie Joffe | 0 Likes
SHARE
Facebook Twitter LinkedIn More

The real estate market in spring 2023 is proving to be more competitive than expected—home prices have risen from February to March in 92 percent of markets and March prices were 3.1 percent higher than the same time last year. As a result, there has been an uptick in bidding wars, homes are selling above their asking price, and almost half are selling in two weeks or less. And CoreLogic Home Price Index Forecast predicts that this trend will continue through 2024.

While this may be positive news for current sellers, it also indicates that the economy could be approaching a recessionary period. In fact, the Federal Reserve yet again increased interest rates by a quarter point in early May to help slow inflation and stave off a recession. With such economic uncertainty ahead, sellers may be reluctant to list their homes—home prices can fluctuate greatly during a recession. However, buyers’ interest remains strong, as decreasing inventory and the possibility of higher interest rates keeps them motivated to purchase. So if you’ve been thinking about selling your home, here are some reasons why it may be a beneficial time to list and how to sell quickly while still making a profit.

Deciding to sell

When it comes to the housing market, a recession doesn’t necessarily spell doom and gloom, especially in the current economy. Consider the following factors that may make now the perfect time to sell.

Low inventory

Although it may seem counterintuitive to sell heading into a recession, it can work to your advantage since the number of new listings continues to trail prepandemic levels by 30 percent. This makes it more likely that competition will be held to a minimum. In addition, unlike the market crash in 2007–2008, where foreclosures flooded the market, the low foreclosure activity in recent years has also contributed to lower inventory levels.

Rising prices

Industry experts believe that home prices will likely remain high even in the face of a recession. This is because pricing is based on circumstances such as supply and demand and geographic location. For example, Miami, located in the ever-popular warm and sunny Florida, experienced a 15 percent increase over the past year. Lawrence Yun, the chief economist at the National Association of REALTORS®, believes that home prices will continue to rise in places where the job market is healthy and homes are relatively affordable.

Home equity

Due to the rapid increase in home prices and the lack of inventory over the past few years, home equity has increased more than it has for the past several decades. So, if you’ve been thinking about selling, now may be a great time to do so to maximize your profits.

Prepare to sell

Selling your home always takes careful planning, and this is especially true during a recession. Here are some tips to help you minimize buyer hesitation and sell quickly and efficiently.

List sooner than later

If you need to sell in a recessionary market, your best opportunity to make a profitable sale is to put your home on the market quickly. The current limited inventory is causing demand to be strong, especially in popular markets.

Price it right 

Typically, home prices dip in a recessionary period, which can make it hard to know how to price your home. Pricing it too high can prevent a quick sale and may result in you needing to lower it, putting you at a disadvantage. On the other hand, pricing your home too low may attract deal-seeking buyers, resulting in lowball bids. Therefore, it’s a good idea to consult with your agent to determine a price that will generate interest and a profitable sale.

Stage and update 

When selling your home, showcasing its best features is essential. Luckily, you don’t need to spend a lot of money on significant renovations; simple, cost-effective upgrades can make a big difference. Consider applying a fresh coat of paint to rooms or areas needing it most, removing clutter, getting some new throw pillows for your sofa, or even adding some additional lighting to lift your home’s brightness.

Selling a property during an economic downturn can be confusing, so it’s wise to seek advice from your real estate agent who can provide insight on the best course of action.

5536 Views

This article is tagged in:

Home BuyingHome SellingHomebuyerReal estate marketReal Estate TipsRecession

Related Posts

Land
Real Estate | Jul 8, 2025

Buying Land for Your Dream Home

Exterior of house
Real Estate | Jul 2, 2025

What Second-Time Homebuyers Need to Know

Living room
Real Estate | Jun 27, 2025

Easy Ways to Stage Every Room When Selling

Home exterior
Real Estate | May 21, 2025

Why Some Homes Fly Off the Market (and Others Don’t)

Multigenerational family
Home | May 19, 2025

The Basics of Multigenerational Living

Popular Posts

Decor | Mar 25, 2020

Make Your Own Can Planters

Home | Jul 8, 2021

Tips for Redesigning Your Patio Space

Real Estate | Mar 29, 2023

Essential Questions for First-Time Homebuyers

Home | Jun 5, 2021

Value-Added Outdoor Improvements

Real Estate | Mar 4, 2020

5 Vital Tips for First-Time Homebuyers


You may also like:

Decor & DIY | Mar 25, 2020

Make Your Own Can Planters

Outdoors & Gardening | Jul 8, 2021

Tips for Redesigning Your Patio Space

Your First House | Mar 29, 2023

Essential Questions for First-Time Homebuyers

Home Improvement | Jun 5, 2021

Value-Added Outdoor Improvements

Your First House | Mar 4, 2020

5 Vital Tips for First-Time Homebuyers

Cleaning & Organizing | Mar 1, 2021

Have You Cleaned These Dirty Areas Lately?

Home Improvement | Aug 17, 2020

Best Home Upgrades for Under $500

Share on Social Media

Our mission is to help change the way you look at your living environment and craft the home of your dreams.

© 2025 Good to Be Home

General
  • About the Magazine
  • Contact Us
  • Customize Magazine
Editorial
  • Issue Archive
  • Editorial Calendar
Categories
  • Home Improvement
  • Decor
  • Household Management
  • Landscaping & Garden
  • Food & Recipes
Follow Us
Facebook Pinterest Instagram

Customize this content for your business!

Learn More

,