Unveiling the Seller's Advantage: Why Now is the Perfect Time to Sell Your House
Clayton Jeffrey
Licensed Associate Real Estate Broker at Keller Williams Realty, Inc.
Selling your house involves a delicate dance between market conditions and your personal timeline. Fortunately, the current real estate landscape might be leaning in your favor, thanks to the scarcity of available homes. Here's a closer look at the low inventory scenario and how it can work to your advantage.
The Supply Shortage:
In the world of sales, scarcity often drives desirability. This principle holds true in today's housing market, where the number of homes for sale is significantly below the norm. The imbalance between supply and demand is creating a situation where more buyers are seeking homes than there are available properties.
Check out the graph below, using data from Realtor.com, which illustrates the active listings in September compared to the market's typical conditions:
Comparing the last normal years (shown in blue bars) to this year's figures (shown in red), it's evident that inventory remains well below the standard.
领英推荐
What it Means for You:
Buyers currently face a limited selection compared to more typical years. This shortage could translate into some fantastic perks if you decide to sell now. Properly priced homes are selling quickly, with the average seller receiving multiple offers. According to the latest data from the National Association of Realtors (NAR) Confidence Index:
Realtor.com also notes that the limited supply benefits sellers:
“. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .”
Bottom Line:
With the current shortage of homes for sale, buyers are actively seeking more options, and your house might be the perfect fit. Let's connect to get your house listed at the right price for today’s market. You could see a quick sale and potentially receive multiple offers. The time to capitalize on the seller's advantage is now.