The Big Advantage to Selling Your Home This Spring

Are you considering selling your house? Now could be the perfect time to do so, as the supply of homes for sale is currently very low. According to HousingWire, active listings recently hit a new low for 2023, indicating that the seasonal spring increase in inventory has yet to arrive. This is confirmed by the National Association of Realtors, which reports that the months’ supply of homes on the market is well below the balanced market level of around six months.

When inventory is low, you’re likely to face less competition from other sellers, making it easier for your house to get attention from buyers. With more buyers than homes for sale, you may even receive multiple offers on your property, creating a bidding war that gives you greater leverage to sell on your own terms. However, to maximize this opportunity, it’s important to work with an experienced real estate advisor and ensure that your home is as attractive as possible to buyers.

While the current market is still a strong seller’s market, it’s not the same frenzied environment we saw a few years ago. Today’s buyers are more focused on homes with the greatest appeal, so it’s crucial to make sure your property is priced competitively, move-in ready, and located in a desirable area.

In short, if you’ve been waiting for the right time to sell your house, the low inventory this spring provides you with a significant advantage. Contact a real estate professional today to ensure that your home is ready to sell and take advantage of the current market conditions.