Discover why now is the best time to sell your house. With low inventory and eager buyers, selling now could lead to multiple offers. Get market ready today.
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.
Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):
The number of sellers listing their homes is lower than the norm making this the best time to sell.
While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’s called rate lock.
As a recent survey from Realtor.com explains, 56% of people who are planning to sell in the next 12 months say they’re waiting for rates to come down.
While this wait-and-see approach is right for some sellers, it also creates an opening for more eager sellers to jump in now.
If your current house truly doesn’t fit your needs anymore and you’re ready to move, don’t miss this chance to stand out and seize the best time to sell. When fewer sellers are putting their homes up for sale, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. That’s why your house could see multiple offers as buyers compete over the limited supply of homes for sale – especially if you price it right.
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“Inventory levels are still at historic lows . . . Consequently, multiple offers are returning on a good number of properties.”
Are you ready to seize the best time to sell your house?
Are you considering selling your house? You should act right away to take advantage of the market’s current situation. Due to the historically low number of homes for sale, you have a special chance to stand out and receive numerous offers for your property.
At Worth Real Estate Company, we are aware of when is the best time to sell, how crucial timing and pricing are. You can navigate the competitive market with the aid of our skilled team of real estate experts, who can also help you arrange your home for the greatest amount of exposure. Don’t wait for the competition to catch up; get in touch with us right away, and we’ll help you prepare your home for the market. Together, we’ll make sure you take advantage of the best selling opportunity and receive the outcomes you deserve.
Bottom Line
If you’re ready to sell now, beat the competition before it comes onto the market. If you do, your house should stand out and could get multiple offers. Let’s connect to get you market ready.
Follow Worth Real Estate Company on Facebook or Instagram for more tips, or contact us today to learn more about the Real Estate Market as the best opportunities for you.
