Supply of homes for sale is still far below normal
When it comes to selling your home in today’s market, you are probably juggling the current market conditions and your own needs. Although interest rates are higher than they’ve been in the last several years, people are STILL BUYING HOMES! However, in today’s market inventory is still low and the amount of buyers in the market still outweighs what is available. Below is the latest information on active listings and homes available for sale. The graph uses data from Realtor.com to show the average number of homes on the market in September for the last several years versus today.
What this means for you
The fact that inventory is low may really work in your favor. Buyers have fewer options than they have had in the past typical years and that’s why you could still see some great perks if you sell today. Because there aren’t enough homes to go around, homes that are priced right are still selling fast and receiving multiple offers. This data is based on the Confidence Index from the National Association of REALTORS®.
Bottom line
Because the supply of inventory is so low, buyers want more options— and your home may be just what they are looking for. Work with a trusted local agent to get your house listed and priced right for today’s market and you could potentially get multiple offers and see it sell quickly.
