Should I Sell My House Today?
Should I Sell My House Today?
As a homeowner, you may frequently find yourself contemplating the golden question, "Is it a good time to sell my house?" Timing the real estate market perfectly is complex, but there are key factors you can consider that will help you make an informed decision.
One such factor is the housing supply, which can significantly influence whether you should sell your house today or wait for more favorable conditions.
A Look at Today's Housing Supply
There's a growing trend in the housing market that may be the sweet spot you've been looking for. Over the course of this year, we've seen a notable increase in the supply of homes for sale. Since January, the rise has been significant, demonstrating an upward trend.
However, it's critical to keep this in perspective. Despite the increase, from a historical standpoint, we still need about twice as much inventory as we currently have to reach what experts call a 'normal' or 'balanced' market.
The Reality of a Sellers' Market
Because of this imbalance between supply and demand, we are still firmly in a sellers' market. While it may be hard to believe, in most areas, there still aren't enough homes available for sale to meet today's demand.
What This Means for You
So, what does all this mean for you as a potential seller? Simply put, there's a high level of buyer demand out there for your house. Simultaneously, you should also have more options to choose from when you move, thanks to the growing housing supply.
If you've been hesitating about your plans to sell, now might be the perfect time to take action. The current state of the market is a prime opportunity for homeowners considering selling their property.
Taking the Next Step
Are you ready to seize this opportunity? Let's connect to discuss the potential for listing your current house. Together, we can explore your options and set you on the path to finding the home you've been dreaming of. Don't let the market move without you – it's time to make your move.
June 4, 2023