The housing market is in a weird spot right now, and the number of homes up for grabs is a big deal. While the limited supply of homes has been tighter than a pair of skinny jeans, it’s still a golden opportunity for those looking to sell their humble abodes. But heads up, things are starting to change, with more homeowners (15.5% more!) putting their places up for sale. This means you might want to get a move on and sell sooner rather than later, while your house still stands out in this low-inventory scene, before more listings burst onto the market.
Take a look at the graph below to see how the housing market is heating up again — people are seizing the opportunity to cash in on their properties.
What This Means for You
With the housing market going through some changes, it might be a good idea to sell your place before things get too crowded with more listings in your area. More sellers could pop up soon, so striking while the iron’s hot might work in your favor.
While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours. For example, if your neighbor gets in on the action and lists their house too, it means you’ll have competition right next door. You don’t want buyers to tour your house and fall in love with someone else’s. You want yours to be in the spotlight.
This is why having a killer agent on your side is a total game-changer when it comes to selling your home. We’ll hook you up with all the insider tips to make your place look fresh and highlight the features that today’s buyers are drooling over. Plus, set the perfect price tag that’ll have potential buyers lining up and ready to make your humble abode theirs.
Bottom Line
If you’re feeling ready to take the plunge and put that “For Sale” sign up, now’s your chance to score the best of both worlds. With more houses hitting the market, you’ll have a wider selection to choose from for your next move. But at the same time, your place will still shine bright and catch the eye of those eager buyers looking for their dream home.