If you're considering selling your home, it's important to know when the market is in your favor. Here are four key factors to consider when deciding whether now is the right time to sell.

1) The current state of the real estate market. If you're confident that now is a good time to sell and can afford to wait for the right buyer, then go for it! But if you think that the market might take a downturn in the near future, it might be wise to hold off.

2) Your personal financial situation. Are you in need of cash? Or would you rather hold on to your home and rent it out until prices go up?

3) Whether or not you've already made significant improvements to your home. If so, you'll likely want to wait until you've recouped those costs before selling.

4) The current availability of housing inventory. If there are a lot of houses on the market, it's probably not the best time to sell; conversely, if there are few houses available for sale, that's a good sign that now might be a good time to put your house on the market.​