Today’s Housing Supply Is a Sweet Spot for Sellers

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Market Trends

People ask me all the time Charissa, does it makes sense to sell my house right now? The short answer is, yes. Let's take a look at the current number of homes for sale, to see two reasons why.

A recent article by Calculated Risk shows that inventory has indeed grown: there are 15.6% more homes for sale now compared to the same week last year.  And yet,  if we look back at 2019, which was the last normal year in the housing market, there are nearly 40% fewer homes available now:

Here’s how this benefits you when you sell.

1. You Have More Options for Your Move

Are you thinking about selling because your current house is too big, too small, or because your needs have changed? If so, the year-over-year growth gives you more options for your home search. That means it may be less of a challenge to find what you’re looking for.

So, if you were holding off on selling because you were worried you weren’t going to find a home you like, this may be just the good news you needed.  As your local real estate professional, I can help you make sure you’re up to date on the homes available in your area. It all depends on where you want to go! 

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 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're a homeowner looking to sell, now's a good time. You'll have more options when buying your next home, and there's still not a ton of competition from other sellers.  I can not only give you a comparative market analysis of your neighborhood and the potential value of your home but also provide an ongoing report so that you can see how to improve the value of your home over time.   If you’re ready to move NOW,  let’s connect to get the ball rolling.