If youre trying to decide if nows the time to sell your house, heres what you should know. The limited number of homes available right now gives you a big advantage. Thats because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house.
Heres what industry experts are saying about why selling now has its benefits:
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.
Selma Hepp, Chief Economist at CoreLogic:
We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.
Clare Trapasso, Executive News Editor atRealtor.com:
Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .
Jeff Tucker, Senior Economist atZillow:
. . . sellers who price and market their home competitively shouldnt have a problem finding a buyer.
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If youre thinking about selling your house, connect with a real estate advisor who can share the expert insights you need to make the best possible move today.
