Sellers, it’s time to maximize your home sale while inventory is still low!
Selling your house can feel like a real balancing act, especially in this economy. But here’s the silver lining – the current real estate market might just be on your side. This is thanks to the scarcity of homes for sale. Let’s dive into what’s happening with inventory and what it means for you.
Low Supply, High Demand: The Winning Combo
When you’re selling something, it’s always a plus if it’s both in demand and in short supply. Why? Because scarcity makes it even more appealing. This is precisely what’s unfolding in today’s housing market! There’s an abundance of eager buyers, but there just aren’t enough homes to meet their demands.
The Inventory Mystery Unveiled
To illustrate just how low inventory is, take a look at the latest data on active listings. Realtor.com studied the number of active listings in September this year versus what’s considered typical in the market. They found that inventory is still way below what we’d call “normal.”
What Does This Mean for You?
With fewer choices available, buyers are feeling the pinch. But that’s where you come in! There are fantastic advantages for sellers in this unique market. Homes priced right are selling quickly, often attracting multiple offers. According to the National Association of REALTORS®, a whopping 69% of homes sold in less than a month. Also, on average, recently sold homes received 2.6 offers. Realtor.com even points out how the limited housing supply can work in your favor. They explain, “…homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019… as still-limited supply spurs homebuyers to act quickly…”
In conclusion, because there’s such a shortage of homes for sale, buyers are hungry for options. Your home could be their dream come true! Our biggest piece of advice? Team up with your local Surterre agent to list your property at the right price. In today’s market, you could see a speedy sale with the potential for multiple offers. It’s a seller’s dream in the making! Reach out to your local real estate specialist at SurterreProperties.com today to get started.
