Sellers Win

When Housing Inventory is Low Sellers Win!

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors, homes are receiving an average of 3.7 offers. This buyer competition drives home prices up. This works to your advantage if you are a seller.

2. Greater Return on Your Investment

Rising prices mean homes are also gaining value, which increases the equity you have in your home. This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home, or to keep it as extra savings.

3. Better Terms

In a sellers’ market like wee have today, you are in the driver’s seat if you make a move. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream house.

So, is low housing inventory a big deal?

Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities.

Bottom Line

If you are interested in taking advantage of the current sellers’ market, let’s connect today to determine your best move.