Curious if now is the right time to sell your house? In short, the answer is yes. Examining the current inventory of homes for sale reveals two key factors. According to data from Calculated Risk, there has been a 15.6% increase in available homes compared to the same period last year, indicating a growth in inventory. However, when comparing to 2019, the last typical year in the housing market, there is nearly a 40% decrease in available homes.
Expanded Options for Your Next Move:
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- With the increased number of homes for sale compared to last year, sellers have a broader range of properties to consider for their next move. Whether you’re looking to downsize to a cozier space, upgrade to accommodate a growing family, or relocate to a different neighborhood, the larger inventory offers more opportunities to find a home that aligns with your needs and preferences.
- Additionally, the variety of available properties allows sellers to explore different neighborhoods, amenities, and features, empowering them to make informed decisions about their future living arrangements.
Limited Competition:
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- Despite the increase in listings, the housing market remains highly competitive for buyers due to the persistent imbalance between supply and demand. While inventory levels have risen compared to the previous year, they are still significantly lower than pre-pandemic levels, creating a favorable environment for sellers.
- The scarcity of homes for sale relative to buyer demand ensures that well-priced properties continue to attract significant interest from motivated buyers. As a result, sellers can benefit from heightened buyer competition, multiple offers, and faster sales timelines, especially when working with experienced real estate professionals who understand the local market dynamics.
- By strategically pricing your home and leveraging the expertise of a skilled real estate agent, you can maximize your property’s visibility and appeal to potential buyers.
In summary, the current housing market presents a unique opportunity for sellers to capitalize on favorable conditions, including an expanded selection of homes for their next move and limited competition from other sellers. Whether you’re ready to downsize, upgrade, or relocate, now is an excellent time to make your move and leverage the market’s strengths to achieve your real estate goals.
If you’re considering selling your home, don’t hesitate to reach out to a trusted
Benson & Mangold real estate professional who can provide personalized guidance and support throughout the selling process.