Mortgage
Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why.
An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:
Here’s a breakdown of how this benefits you when you sell.
Are you thinking about selling because your current house is too big, too small, or because your needs have changed? If so, the year-over-year growth gives you more options for your home search. That means it may be less of a challenge to find what you’re looking for.
So, if you were holding off on selling because you were worried you weren’t going to find a home you like, this may be just the good news you needed. Partnering with a local real estate professional can help you make sure you’re up to date on the homes available in your area.
But to put that into perspective, even though there are more homes for sale now, there still aren’t as many as there’d be in a normal year. Remember, the data from Calculated Risk shows we’re down nearly 40% compared to 2019. And that large a deficit won't be solved overnight. As a recent article from Realtor.com explains:
“. . . 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 you, that means if you work with an agent to price your house right, it should still get a lot of attention from eager buyers and could sell fast.
If you're a homeowner looking to sell, now's a good time. You'll have more options when buying your next home, and there's still not a ton of competition from other sellers. If you’re ready to move, let’s connect to get the ball rolling.
Stay up to date on the latest real estate trends.
New Listing
4 beds | 3 baths | 4,599 sq ft
Mortgage
Home prices have risen dramatically over the past five years — far more than usual.
Mortgage
Be sure to talk with a real estate agent who can explain local codes and regulations for this type of housing
Mortgage
If anything they’re buying less than they have been.
Mortgage
Options like buydowns, ARMs, or assumable mortgages could make homeownership more affordable right now
Mortgage
Let’s connect so you know what’s worth the time and effort.
Mortgage
The key is having an agent to help guide you through the process, so things work out in your favor
Mortgage
After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years
Mortgage
A fixed-rate mortgage protects your budget, and home price appreciation grows your net worth.
You’ve got questions and we can’t wait to answer them.