Why It’s Still a Sellers’ Market

<article class="post-401093 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-401093"><span class="entry-date">August 4, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Why It’s Still a Sellers’ Market</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Why+It%E2%80%99s+Still+a+Sellers%E2%80%99+Market&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhy-its-still-a-sellers-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/why-its-still-a-sellers-market/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhy-its-still-a-sellers-market%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhy-its-still-a-sellers-market%2F&amp;description=Why+It%E2%80%99s+Still+a+Sellers%E2%80%99+Market" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/why-its-still-a-sellers-market/?shareSlug%3Dwhy-its-still-a-sellers-market" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Why It’s Still a Sellers’ Market&amp;body=Why It’s Still a Sellers’ Market%0D%0Dhttps://gilliggroup.com/blog/why-its-still-a-sellers-market/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div>
<p><img alt="Why It’s Still a Sellers’ Market | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124231/20220804-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124231/20220804-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124231/20220804-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>As there’s more and more talk about the <a href="https://www.simplifyingthemarket.com/2022/08/02/3-graphs-to-show-this-isnt-a-housing-bubble/?a=712984-fa409495d5d70154d03a25e81e9540e2">real estate market</a> cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to <a href="https://www.simplifyingthemarket.com/2022/07/18/wondering-where-youll-move-if-you-sell-your-house-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">sell your house</a>. If you’re thinking of making a move, you should know the market is still anything but normal.<span id="more-46940"></span></p>
<p>Even though the supply of <a href="https://www.simplifyingthemarket.com/2022/06/17/more-listings-are-coming-onto-the-market-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">homes for sale</a> has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of <a href="https://www.simplifyingthemarket.com/2022/07/22/great-news-about-housing-inventory-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">inventory</a> of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it like this:</p>
<ul>
<li>A <strong>buyers’ market</strong> is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.</li>
<li>In a <strong>sellers’ market</strong>, it’s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.</li>
<li>A <strong>neutral market</strong> is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.</li>
</ul>
<p>And for the past two years, we’ve been in a red-hot sellers’ market because inventory has been near record lows. The blue section of this graph <a href="https://www.nar.realtor/topics/existing-home-sales">highlights</a> just how far below a neutral market inventory still is today.</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124230/20220804-MEM-Eng.png"><img alt="Why It’s Still a Sellers’ Market | Simplifying The Market" class="aligncenter wp-image-46941" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124230/20220804-MEM-Eng.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124230/20220804-MEM-Eng.png 960w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/08/03124230/20220804-MEM-Eng-400×300.png 400w" width="650"/></a></p>
<h4><strong>What Does This Mean for You?</strong></h4>
<p>Ed Pinto, Director of the <em>American Enterprise Institute’s Housing Center,</em> gives a perfect summary of what’s happening in today’s market, <a href="https://fortune.com/2022/06/26/housing-market-outlook-prices-appreciation/">saying</a>:</p>
<blockquote>
<p><em>“Overall, the best summary is that we’ll move from a gangbuster sellers’ market to a modest sellers’ market.”</em></p>
</blockquote>
<p>Conditions are still in your favor even though the market is cooling. If you work with an agent to price your house at market value, you’ll find success when you <a href="https://www.simplifyingthemarket.com/2022/06/30/if-youre-selling-your-house-this-summer-hiring-a-pro-is-critical/?a=712984-fa409495d5d70154d03a25e81e9540e2">sell your house</a> today. While buyer demand is softening due to higher mortgage rates, homes that are <a href="https://www.simplifyingthemarket.com/2022/06/06/why-you-need-an-expert-to-determine-the-right-price-for-your-house/?a=712984-fa409495d5d70154d03a25e81e9540e2">priced right</a> are still selling fast. That means your window of opportunity to list your house hasn’t closed.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.</p>
</div>
</div></article>