Your House Could Be the Oasis in an Inventory Desert

<article class="post-2154 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2154"><span class="entry-date">May 15, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Your House Could Be the Oasis in an Inventory Desert</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=Your+House+Could+Be+the+Oasis+in+an+Inventory+Desert&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fyour-house-could-be-the-oasis-in-an-inventory-desert%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Your House Could Be the Oasis in an Inventory Desert | 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/2021/05/12143535/20210513-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143535/20210513-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143535/20210513-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>Homebuyers are flooding the housing market right now to take advantage of record-low <a href="https://www.simplifyingthemarket.com/2021/05/05/are-interest-rates-expected-to-rise-over-the-next-year/?a=712984-fa409495d5d70154d03a25e81e9540e2">mortgage rates</a>. Many have a sense of urgency to find a home soon since experts <a href="https://www.simplifyingthemarket.com/2021/05/06/why-waiting-to-buy-a-home-could-cost-you-a-small-fortune/?a=712984-fa409495d5d70154d03a25e81e9540e2">forecast</a> a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the <a href="https://www.simplifyingthemarket.com/2021/05/10/3-graphs-showing-why-you-should-sell-your-house-now/?a=712984-fa409495d5d70154d03a25e81e9540e2">oasis</a> in an inventory desert.<span id="more-44366"></span></p>
<p>According to the <em>National Association of Realtors</em> (NAR), today’s housing inventory sits at an incredibly low <a href="https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march">2.1-month</a> supply, far below the <a href="https://www.simplifyingthemarket.com/2021/03/29/what-it-means-to-be-in-a-sellers-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">6-month</a> mark for a neutral market. Inventory of single-family homes a year ago was already very low, and as you can see in the graph below, this year’s levels are even lower:<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143533/20210513-MEM-Eng-1.png"><img alt="Your House Could Be the Oasis in an Inventory Desert | Simplifying The Market" class="aligncenter wp-image-44367" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143533/20210513-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143533/20210513-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/12143533/20210513-MEM-Eng-1-400×300.png 400w" width="650"/></a>Due to these market conditions, today’s buyers frequently enter fierce bidding wars while trying to purchase a home. This in turn drives up home prices and gives sellers incredible <a href="https://www.simplifyingthemarket.com/2021/02/24/how-much-leverage-do-todays-house-sellers-have/?a=712984-fa409495d5d70154d03a25e81e9540e2">leverage</a> in the negotiation process, two <a href="https://www.simplifyingthemarket.com/2021/05/04/4-big-incentives-for-homeowners-to-sell-now/?a=712984-fa409495d5d70154d03a25e81e9540e2">big wins</a> if you’re going to sell your house this year.</p>
<h3><strong>Bottom Line</strong></h3>
<p>In such a hot market, it can feel as though the supply of homes has virtually dried up, leaving buyers to wander in an inventory desert. That’s why there’s never been a better time to sell. To a parched buyer needing to secure a home as soon as possible, your house could be a true oasis.</p>
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