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.