Sellers: Your Home Might Be A Haven for Buyers Looking for More Choices

This season, sellers have a fantastic chance because buyer demand continues to outnumber the existing availability of properties for sale. The National Association of Realtors (NAR) estimates that today’s housing inventory is barely 2.6 months. To put it into perspective, a 6-month supply is usual in a balanced market. This puts today’s market squarely in the category of a seller’s market.

The same NAR data reveals that today’s single-family house inventory is lower than it was last year (see graph below):

Buyers may feel as if they’re traveling over a wide, barren desert when looking for their future house due to persistent supply issues. That means your property might be an oasis for buyers yearning for alternatives, perhaps increasing the likelihood of a bidding battle for your home.

According to the National Association of Realtors’ recent Realtors Confidence Index Survey, homes are receiving an average of 3.8 offers. When selling this autumn, a multiple-offer scenario allows you to choose the best offer and provides you tremendous power.

Bottom Line

As they walk in today’s inventory desert, buyers are looking for relief. Your property will have the best chance of being seen by numerous purchasers if you list it this autumn before other choices emerge on the market. Let us help you make your home stand out as the sanctuary it actually is. Fill out the seller form here.