There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking so you can make a confident decision.
- Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps you put the inventory growth into perspective.
While buyers have regained some negotiation power as inventory has grown, you haven’t missed your window to sell. Your house could still stand out since inventory is low. List now while other sellers hold off until after the holiday rush.
2. Are Buyers Still Out There? While demand has eased this year, millennials are still looking for homes. At about 80 million strong, millennials currently make up the largest share of homebuyers in the U.S. Millennials are actually a significant driving force for buyer demand in the housing market today. If you are wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they are looking for.
3. Can I Afford To Buy My Next Home? You may have more equity in your home than you realize. Homeowners have gained significant equity over the past few years and that equity can make a big difference in the equation, especially with mortgage rates higher now than they were last year.
Bottom Line: If you’re thinking about selling your house this season, let’s connect so you have the expert insights you need to make the best possible move today