Simplifying The Market” loading=”lazy” style=”display: block; margin-bottom: 5px; clear: both; max-width: 100%” link_thumbnail=”” srcset=”https://okchomesellers.com/wp-content/uploads/2021/06/20210616-KCM-Share-549×300-1.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123917/20210616-KCM-Share.jpg 750w” sizes=”(max-width: 549px) 100vw, 549px”>
We’re in the ultimate sellers’ market at this time. If you’re a homeowner thinking about selling, you get a massive advantage in today’s housing industry. High buyer demand paired with very few homes for sale makes this the optimal time to sell for those who are prepared to do so. No matter the move that you want to produce resembles, here’s a synopsis of what is creating the prime opportunity to sell this summer.
High Buyer Demand
Demand is strong, and buyers are actively searching for homes to purchase. At the Realtors Confidence Index Survey printed monthly by the National Association of Realtors (NAR), buyer visitors is considered”very strong” in almost every state. Homebuyers aren’t just great in quantity right now — they’re also determined to discover their dream home. NAR indicates the normal home for sale now receives five offers out of hopeful buyers. These increasingly regular bidding wars can drive up the price of your house, which is the reason why high need from aggressive homebuyers is such a win for this summer’s sellers.
Purchaser need is so high, the industry is running out of available houses for sale. Danielle Hale, Chief Economist in realtor.com, clarifies :
NAR also shows that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are basically selling as quickly as they’re hitting the market. Below is a graph of this existing inventory of single-family houses for sale: Simplifying The Market” width=”650″ height=”488″ srcset=”https://okchomesellers.com/wp-content/uploads/2021/06/20210616-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123919/20210616-MEM-Eng-1-400×300.png 400w” sizes=”(max-width: 650px) 100vw, 650px”>At the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:
“The seasonally‐adjusted estimate of new houses for sale at the end of April has been 316,000. This represents a source of 4.4 months at the current sales rate”
If you’re thinking of placing your home on the current market, don’t wait. A vendor will always negotiate the very best deal when demand is high and supply is low. That is precisely what is happening in the real estate market today.
As vaccine rollouts progress and we continue to see the market recover, more homes will arrive at the market. Don’t wait for the competition in your neighborhood to increase. If you’re prepared to make a move, now is the time to sell. Let’s connect today to receive your home listed at this optimum moment in time.
This post was originally posted on Simplfy the Market