Why Today's Housing Supply Is a Sweet Spot for Sellers

Are you contemplating selling your house but unsure if it's the right time? Well, the current housing market presents a sweet spot for sellers, and here's why. 

According to recent data from Calculated Risk, there has been a 15.6% increase in the number of homes for sale compared to the same period last year. While this indicates a growth in inventory, it's essential to zoom out and look at the bigger picture. When compared to 2019, which was considered a normal year in the housing market, there are nearly 40% fewer homes available now. 

Let's break down how this scenario benefits you as a seller:

More Options for Your Move: If you've been delaying your decision to sell due to concerns about finding a new home that meets your needs, the increased inventory offers you more choices in the market. Whether you're looking for a larger space, downsizing, or simply seeking a change, the expanded inventory makes it less challenging to find your dream home. Working with a local real estate professional can ensure you stay informed about available properties in your desired area. 

Limited Competition: Despite the rise in inventory, the current number of homes for sale still falls significantly short of pre-pandemic levels. As highlighted by Realtor.com, the housing market is on a path towards recovery, but it will take time to return to pre-pandemic norms. This means that while there may be more options for buyers, there's still relatively low competition among sellers. By pricing your house appropriately with the help of an experienced agent, you can attract eager buyers and potentially sell your home quickly. 

In Conclusion

If you're a homeowner considering selling your property, now is an opportune time to make a move. With an increased inventory, you'll have more flexibility in finding your next home, while the limited competition ensures your listing stands out to potential buyers. Don't hesitate to take advantage of the current market conditions to sell your house and embark on your next chapter. 

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