Monday, April 18, 2022 / by Raj Jaggi
If you're considering selling your property, you may have heard that prices are rising, listings are selling quickly, and sellers are receiving several offers. But why are today's selling conditions so favorable? And what can you expect if you decide to relocate? Let's look at the data to see if we can answer both of those questions.
On the left, notice how much darker the blues are. This demonstrates that today's buyer traffic is robust. The much lighter blues on the right, on the other hand, imply low or extremely weak seller traffic. In a word, there is far more demand for homes than there are available for purchase.
“The limited number of homes for sale is a lesson in perspective. This same stat that frustrates would-be homebuyers also means that today’s home sellers enjoy more limited competition than last year’s home sellers.”
When you consider the big picture, the opportunity you have today as a seller is unrivaled. Last year's market was a seller's market. This year, inventory is much lower, which means you have an even greater opportunity. Even while locating your next home in a market with little inventory can be difficult, is that worry worth passing up some of the finest selling circumstances in history?
Remember that real estate professionals have been juggling this supply and demand mismatch for over two years, and they know how to help both buyers and sellers succeed when they move. A knowledgeable realtor can help you take advantage of the current market as a seller and assist you through the buying process until you discover the perfect place to call home.