Why You Shouldn’t Wait to Sell Your Home
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. Now is a great time to sell your home if you’ve been considering it and here’s a few reasons why:
High Buyer Demand
Buyers are actively searching for homes to purchase and the demand is increasing. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. NAR shows the average home for sale today receives five offers from optimistic buyers. These frequent bidding wars also cause your home sale price to go up. That’s why summer is a great time to get on board with all of these competitive homebuyers!
Low Inventory of Houses for Sale
With demand being so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:
“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”
NAR also reveals that unsold inventory stays on the market for 2.4 months. This is much lower than the historical norm of 6 months. Many homes are selling as fast as they’re hitting the market.
What Does This Mean for You?
When demand is high and inventory is low, seller’s get the best $ for their property. DON’T WAIT!!
As vaccine rollouts progress and we continue to see the economy recover, more houses will start going on the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time. Call us at 832-264-8934!