When it comes to selling your house, you’re probably balancing the demands of the market with your own requirements as you prepare to relocate.
The limited number of homes available for purchase at the moment could be one factor working in your favor. The present inventory position and what it means for you are explained in the following.
There are significantly fewer houses for sale than is typical
When selling your house or something, it is advantageous if there is both a high demand and a limited supply. Why? The fact that there is a shortage makes it even more desirable. The housing market is currently experiencing just that. More people are looking to buy than there are available homes.
Here is the most recent data on active listings, or houses that are for sale, to illustrate how little inventory there is.
What That Means for You when selling your house
Fewer options are available to buyers now than in more normal years. Because of this, selling now could still result in some fantastic benefits. Homes that are priced reasonably are still selling quickly because there aren’t enough of them to go around, and the typical seller receives numerous offers from keen buyers.
- 69% of homes sold in less than a month.
- 2.6 offers: the average number of offers on recently sold homes.
Buyers are in desperate need of more options due to the lack of available houses for sale, and your home might be exactly what they’re looking for. If you deal with Loffredo Real Estate Group, they’ll help you price your home correctly for the current market. It might still sell quickly and possibly receive several bids.