Considering selling your home but unsure about the timing? The answer is a resounding yes, and the current housing market dynamics underscore this sentiment perfectly. Here’s why:

Increased Inventory, Greater Choices

Recent data from Calculated Risk reveals a 15.6% surge in available homes compared to last year. While this signals a notable growth in inventory, a deeper look back to 2019 shows a staggering 40% decrease in available homes. This unique scenario presents sellers with a dual advantage. 

Firstly, if you’re contemplating a sale due to changing needs or space requirements, the expanded inventory offers a wider array of options for your next move. This means you’re more likely to find a property that aligns with your preferences and lifestyle. Partnering with a local real estate expert can ensure you stay abreast of the latest listings in your area, maximizing your choices.

Limited Competition, Optimal Selling Conditions

Despite the uptick in available homes, the market still falls short of pre-pandemic levels by a significant margin. As noted by Realtor.com:

“. . . 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.”

So the journey back to normalized inventory levels will be gradual. Consequently, sellers can expect their listings to stand out amidst relatively low competition. With the right pricing strategy guided by a seasoned agent, your property is poised to attract eager buyers and potentially sell swiftly.

For homeowners contemplating a sale, the current market presents an opportune moment. With a broader selection of homes for your next purchase and subdued competition from other sellers, conditions are favorable for a successful transaction. If you’re ready to embark on your selling journey, let’s connect and kickstart the process.