LOW INVENTORY IS THE SWEET SPOT FOR SELLERS HOMEOWNERS
Good news, if you are wanting to sell and have been hesitating due to recent headlines on the housing market, do not wait any longer, now is the time!!!
Low housing inventory is a sweet spot for sellers on the fence about listing their homes. Today’s housing inventory is still well below normal years and that is good news for sellers as it means there is a higher buyer demand. According to Realtor.com, on average active inventory in June was 50.6% below pre-pandemic 2017-2019 levels.
So, how does this impact you as a seller? Data is showing that homes that are priced right are still selling quickly with an average of 18 days on the market and seeing multiple offers in some areas. On average the number of offers sellers are receiving is now up to 3 offers. As a seller, this puts you in a good position to negotiate a contract that allows you the best return on your investment.
So, don’t wait, reach out to my team and I so we can give you accurate data on what is happening in your area in terms of price, days on the market, and inventory and help you strategize your next move and derive the very best outcome for you!! If you are a homeowner looking to sell, feel free to reach out to my team and I so we can help get you the best possible terms on your property.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!