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What It Means To Be in a Housz Sellers’ Market




If you’ve given even a casual thought to selling your housz in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your housz is available for buyers who are looking for houszes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houszes for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough houszes available for active buyers (See graph below):


When the supply of houszes for sale is as low as it is right now, it’s much harder for buyers to find houszes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

As this happens, housz prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your housz on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

Today, there are many buyers who are ready, willing, and able to purchase a housz. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of houszes for sale is not keeping up with this high demand, making now the optimal time to sell your housz.

Bottom Line Housz prices are appreciating in today’s sellers’ market. Making your housz available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.

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