Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of houszes for sale. According to the National Association of Realtors (NAR), today’s houszing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.
That same NAR data also shows today’s inventory of single-family houszes is trailing behind the level we saw last year (see graph below):
Because of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next housz. That means your housz could provide an oasis for buyers thirsty for options – and it could increase the chances of buyers entering a bidding war for your housz.
The latest Realtors Confidence Index Survey from NAR shows houszes are receiving an average of 3.8 offers. A multiple-offer scenario lets you select the best offer and gives you incredible leverage when you sell this fall.
Bottom Line Buyers today are looking for relief as they wander today’s inventory desert. Listing your housz this fall – before more options appear – gives your housz the best chance to be noticed by multiple buyers. Let’s connect today so your housz can stand out as the oasis it truly is.