Marsiello Logo

Our Blog

News & Events

Search

Back To Blog

What It Means To Be in a Sellers Market

What It Means To Be in a Sellers' Market

What It Means To Be in a Sellers' Market | MyKCM

If you've given even a casual thought tosellingyour house in the near future, this is the time to really think seriously about making a move. Here's why this season is the ultimatesellers' marketand the optimal time to make sure your house isavailablefor buyers who are looking for homes to purchase.

The latestExisting Home Sales ReportfromThe National Association of Realtors(NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a2-month supplyat the current sales pace.

Historically, a 6-month supply is necessary for a 'normal' or 'neutral' market in which there are enough homes available for active buyers(See graph below):What It Means To Be in a Sellers' Market | MyKCMWhen the supply of houses for sale is as low as it is right now, it's much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making itessentialfor buyers to submit very attractiveoffers.

As this happens, home prices rise andsellersare in the best position to negotiate deals that meet theirideal terms. If you put your house on the market while sofewhomes 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 home. Lowmortgage ratesand a year filled with uniquechangeshave prompted buyers to think differently about where they live – and they're taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices areappreciatingin today's sellers' market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.


Ready to get started?

Start by learning what your home is worth in this market by clicking here: https://www.masiello.com/my-home-value

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Comments

    1. No comments. Be the first to comment.

    Contact Us

    Say Hello!

    Send A Message