Why Today's Housing Supply Is Ideal for Sellers

Are you wondering if it still makes sense to sell your house right now? The short answer is, yes. And when you look at the current number of homes for sale, you will notice two reasons.

An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:

a graph with red and blue squares

Here’s a breakdown of how this benefits you when you sell.

1. You Have More Options for Your Move

Are you considering selling because your current home is too large, too small, or your needs have changed? If so, the year-over-year increase gives you more options in your home search. That means you may have an easier time finding what you are looking for.

So, if you were holding off on selling because you were worried you weren’t going to find a home you liked, this may be just the good news you needed. Partnering with a local real estate professional can help you make sure you’re up to date on the homes available in your area.

2. You Still Won’t Have Much Competition When You Sell

But to put that into perspective, even though there are more homes for sale now, there still aren’t as many as there’d be in a normal year. Remember, the data from Calculated Risk shows we’re down nearly 40% compared to 2019. And that large a deficit won't be solved overnight. As a recent article from Realtor.com explains:

“. . . the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels.”

For you, that means if you work with an agent to price your house right, it should still get a lot of attention from eager buyers and could sell fast.

Bottom Line

If you are a homeowner looking to sell, now is a great time. When it comes to buying your next home, you will have more options, but there will not be as much competition from other sellers. If you are ready to move, let us connect and get things started.

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