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

Thinking about whether it's a good time to sell your house? In short, yes. Examining the current number of homes on the market reveals two significant reasons why.

According to a piece from Calculated Risk, there is a 15.6% increase in homes for sale compared to the same week last year, indicating a rise in inventory. However, when comparing to 2019, the last stable year in the housing market, there are almost 40% fewer homes available now.
 

Here’s a breakdown of how this benefits you when you sell.

1. You Have More Options for Your Move
If you're considering selling your current home due to size constraints, changing needs, or simply wanting something new, the year-over-year growth in the market provides you with more home options. This means finding your ideal home might not be as challenging as you thought.

If concerns about finding the right home have delayed your decision to sell, this positive trend could be the encouraging news you've been waiting for. Teaming up with a local real estate expert will ensure you stay informed about the available properties in your area.

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 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.”

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. If you’re ready to move, let’s connect to get the ball rolling.