In today’s housing market, it seems harder than ever to find a home to buy. When many homeowners delayed their plans to sell at the same time as more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory plunged into the deep depths of the Mariana Trench. Experts consider this to be the biggest challenge facing an otherwise hot market as buyers continue to compete for homes.
Are Houses Not Being Put for Sale?
Not exactly. While fewer existing homes are listed right now, many homes are simply selling faster than they’re being counted as current inventory. Yeah, the market is that competitive! Homes are being listed for sale, but not at a rate that can keep up with heavy demand from competitive buyers.
Good News for Homeowners
With more homeowners prepping to sell later this year, putting your house on the market sooner rather than later is the best way to make sure your listing shines brighter than the rest. When you’re ready to sell your house, you’ll likely want it to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.
What You Need to Know
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Contact a local real estate professional for advice on how to sell your house, so you’re able to benefit from today’s high demand and low inventory.