The good news is that the supply of homes for sale is growing (up 24.6 percent year over year compared to last January) according to Realtor.com. However, the other part of the story is that we are still down in housing supply by 24.8 percent compared to pre-pandemic inventory levels (2017-2019). So if you are considering selling, know that your home is in high demand!
If you’re considering selling your home, your mind is likely swirling with questions. Some common ones include:
- Is it a good idea to move right now?
- Will I be able to find a home I like?
- Are buyers still actively purchasing homes?
Here are the answers to those questions:
1. Is it a good idea to move right now?
Yes, it can be a great time to move if it aligns with your personal circumstances. However, moving is a big decision—there’s a lot of work, stress, and cost involved. If you’re thinking of selling, it’s essential to have strong motivation. In our experience, many homes that sit on the market too long or have expired listing contracts often have sellers who weren’t fully committed to moving. Sometimes, people don’t realize how much they truly want to stay in their home until it’s listed.
2. Will I be able to find a home I like?
While there are no guarantees in real estate, we follow the 80/20 rule. You’ll likely find a home that checks 80% of your “must-have” boxes, with a few things that might not be ideal. Keep in mind, the perfect home doesn’t exist. The good news for sellers who are also buying is that housing inventory is on the rise, which means more homes are available for you to consider.
3. Are buyers still buying?
Absolutely! Real estate remains a classic investment and the American dream for many. Homebuyers are still eager to purchase their first home, move up to a better property, and investors remain active in the market.
What questions do you have? We’re here to help guide you through the process!
