Wondering if it still makes sense to sell your house right now? Everyone’s situation is unique, but the current market could prove to be beneficial for you.
An article from Calculated Risk shows there are 15.6% more homes for sale now, nationally, 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:
How this could benefit you when you sell.
1. You Have More Options for Your Move
If you are going to move to another home, the year-over-year growth gives you more options for your home search. This means it may be a little less of a challenge to find what you’re looking for.
2. You Still Won’t Have as Much Competition When You Sell
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.”
Less competition means you may find an eager buyer quickly and get your home sold for top dollar.
Bottom Line
So, If you’re a looking to make a move, NOW could prove to be a great time! You’ll have more options when buying your next home than you did last year, and there’s not a ton of competition from other sellers.
If you have considered selling, I would be happy to provide you with information and resources to help you determine if the timing is right for you to make a move.
Feel Free to Contact Me anytime!
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