Don’t Wait To Sell Your House

<article class="post-2221 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2221"><span class="entry-date">June 16, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Don’t Wait To Sell Your House</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=Don%E2%80%99t+Wait+To+Sell+Your+House&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdont-wait-to-sell-your-house%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Don’t Wait To Sell Your House | 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/2021/06/11123917/20210616-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123917/20210616-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123917/20210616-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.<span id="more-44551"></span></p>
<h4><strong>High Buyer Demand</strong></h4>
<p>Demand is strong, and buyers are actively searching for homes to purchase. In the <a href="https://cdn.nar.realtor/sites/default/files/documents/REALTOR_Confidence_Index_052021.pdf">Realtors Confidence Index Survey</a> published monthly by the <em>National Association of Realtors </em>(NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.</p>
<h4><strong>Low Inventory of Houses for Sale</strong></h4>
<p>Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, <em>Chief Economist </em>at<em> realtor.com</em>, <a href="https://money.com/covid-housing-shortage-timeline-sellers/">explains</a>:</p>
<blockquote>
<p><em>“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”</em></p>
</blockquote>
<p>NAR also <a href="https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales">reveals</a> 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 essentially selling as fast as they’re hitting the market. Below is a graph of the <a href="https://cdn.nar.realtor/sites/default/files/documents/ehs-04-2021-single-family-only-2021-05-21.pdf">existing inventory</a> of single-family homes for sale:<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123919/20210616-MEM-Eng-1.png"><img alt="Don’t Wait To Sell Your House | Simplifying The Market" class="aligncenter wp-image-44553" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123919/20210616-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123919/20210616-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/06/11123919/20210616-MEM-Eng-1-400×300.png 400w" width="650"/></a>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 <em>U.S. Census Bureau </em><a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf">notes</a>:</p>
<blockquote>
<p><em>“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”</em></p>
</blockquote>
<h4>
<strong>What Does This Mean for You?</strong><strong> </strong><br/>
</h4>
<p>If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.</p>
<h3><strong>Bottom Line</strong></h3>
<p>As vaccine rollouts progress and we continue to see the economy recover, <a href="https://www.simplifyingthemarket.com/2021/05/19/sellers-are-ready-to-enter-the-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">more houses</a> will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.</p>
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