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Considering whether it’s the right time to sell your house? Absolutely. And examining the current housing inventory provides two compelling reasons why.
Data from Calculated Risk indicates a 15.6% increase in homes for sale compared to the same period last year. This signifies a notable growth in inventory. However, juxtaposing this with 2019, the last stable year in the housing market, reveals a striking contrast: there are nearly 40% fewer homes available now.
Here’s how this situation works to your advantage as a seller:
- Expanded Options for Your Move: Are you considering selling due to space constraints, changing needs, or other reasons? The year-over-year increase in inventory expands your choices during your home search. Consequently, finding a suitable property might be less daunting.
If concerns about finding a new home were holding you back from selling, this uptick in inventory could be the positive development you’ve been waiting for. Collaborating with Century 21 Integrity Group your local real estate expert ensures you stay informed about available homes in your vicinity.
- Limited Competition in the Market Despite the rise in available homes, the current inventory levels still fall significantly short of those in a typical year, as evidenced by the data from Calculated Risk, which indicates a nearly 40% decline compared to 2019. Addressing this deficit won’t happen overnight, as noted in a recent Realtor.com article:
“. . . the number of homes for sale and new listing activity continues to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels.”
For sellers, this means that with the right pricing strategy guided by your Century 21 Integrity Group agent, your property is likely to attract considerable attention from eager buyers and could sell swiftly.
In Summary If you’re contemplating selling your home, the current market conditions favor you. You’ll have a broader selection of homes to choose from for your next move, with limited competition from other sellers. To initiate the process, reach out to our office at integrity@sellzhomez.com or call 920-674-2041. Century 21 Integrity Group is your local Jefferson County real estate office; we will guide you through the intricate selling journey.
