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Ready To Sell? Todays Housing Supply Gives You Two Opportunities.

Ready To Sell? Todays Housing Supply Gives You Two Opportunities. | Simplifying The Market

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in todays housing market.

An article fromCalculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more youll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, were roughly 35% below the housing supply we had at that time.

Ready To Sell? Todays Housing Supply Gives You Two Opportunities. | Simplifying The Market

Opportunity #1: Take Advantage of More Options for Your Move

If your current house no longer meets your needs or lacks the space and features you want, this inventory growth gives you even more opportunity to sell andmoveinto the home of your dreams. With more houses on the market, youll have more to choose from when you search for your next home.

Partnering with a local real estate professional can help you make sure youre up to date on the homes available in your area. And when you do find the one, a professional can advise you on how to write a winning offer.

Opportunity #2: Sell While Inventory Is Still Low Overall

But again, despite the growth, inventory is still low compared to more normal years, and that isnt going to change overnight. For you, that means your house should still be in demand among potential buyers if you price it right.

As an article from realtor.com says:

Todays shoppers generally have more homes to consider than last years shoppers did, but the market is still not back to pre-pandemic inventory levels.

Bottom Line

If youre a homeowner looking to sell, you have more homes to choose from and can still sell your house while inventory is low overall. Lets connect to get started, so you can have the best of both worlds.

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