Is it the right time to make it 'Facebook official'?

I have been dating this guy for a few months and last week we made it exclusive. Anyway, I kind of want to make it Facebook official because this is the first relationship I have had in a while and I am excited about it.

When I met him his relationship status was single, but a couple days ago I noticed it no longer said that. So it seems like this has been on his mind as well. Would now be a good time to bring it up, or should I wait awhile longer?