Should I Sell My House This Year?

<article class="post-447151 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-447151"><span class="entry-date">September 8, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Should I Sell My House This Year?</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=Should+I+Sell+My+House+This+Year%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fshould-i-sell-my-house-this-year%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Should I Sell My House This Year? | 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/2022/09/07170053/20220908-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/09/07170053/20220908-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/09/07170053/20220908-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>There’s no denying the housing market is <a href="https://www.simplifyingthemarket.com/2022/08/23/what-sellers-need-to-know-in-todays-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">undergoing a shift</a> this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.<span id="more-47124"></span></p>
<h4><strong>Opportunity #1: You Have More Options for Your Move</strong></h4>
<p>One of the biggest stories today is the growing supply of homes for sale. <a href="https://www.simplifyingthemarket.com/2022/08/25/why-you-may-want-to-start-your-home-search-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">Housing inventory</a> has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.</p>
<p>If you’re selling your house to make a move, it means you’ll have <a href="https://www.simplifyingthemarket.com/2022/09/01/new-homes-may-have-the-incentives-youre-looking-for-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">more options</a> for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find <a href="https://www.simplifyingthemarket.com/2022/07/18/wondering-where-youll-move-if-you-sell-your-house-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">somewhere to go</a>, know your options have improved.</p>
<h4><strong>Opportunity #2: The Number of Homes on the Market Is Still Low</strong></h4>
<p>Just remember, while data shows the number of homes for sale has increased this year, <strong>housing supply is still firmly in sellers’ market territory. </strong>To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months’ supply of homes. According to the <a href="https://www.nar.realtor/newsroom/existing-home-sales-retreated-5-9-in-july">latest report</a> from the <em>National Association of Realtors</em> (NAR), in July, there was only a 3.3 months’ supply.</p>
<p>While you’ll have more options for your own home search, <a href="https://www.simplifyingthemarket.com/2022/08/24/why-todays-housing-inventory-proves-the-market-isnt-headed-for-a-crash/?a=712984-fa409495d5d70154d03a25e81e9540e2">inventory</a> is still low, and that means your home will still be in demand if you <a href="https://www.simplifyingthemarket.com/2022/08/09/selling-your-house-your-asking-price-matters-more-now-than-ever/?a=712984-fa409495d5d70154d03a25e81e9540e2">price it right</a>. That’s why the <a href="https://cdn.nar.realtor/sites/default/files/documents/2022-07-realtors-confidence-index-08-18-2022.pdf">most recent data</a> from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.</p>
<h4><strong>Opportunity #3: Your Equity Has Grown by Record Amounts</strong></h4>
<p>The <a href="https://www.simplifyingthemarket.com/2022/07/25/whats-causing-ongoing-home-price-appreciation/?a=712984-fa409495d5d70154d03a25e81e9540e2">home price appreciation</a> the market saw over the past few years has likely given your <a href="https://www.simplifyingthemarket.com/2022/07/08/why-growing-home-equity-is-great-news-if-you-plan-to-move-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">equity</a> (and your net worth) a considerable boost. Danielle Hale, Chief Economist at <em>realtor.com</em>, <a href="https://www.realtor.com/research/weekly-housing-trends-view-data-week-july-2-2022/">explains</a>:</p>
<blockquote>
<p><em>“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country <strong>as a decade of rising home prices gives them a substantial equity cushion </strong>. . .”</em><em> </em></p>
</blockquote>
<p>If you’ve been holding off on selling because you’re worried about how <a href="https://www.simplifyingthemarket.com/2022/08/30/whats-actually-happening-with-home-prices-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">rising prices</a> will impact your next home search, rest assured your <a href="https://www.simplifyingthemarket.com/2022/07/06/how-your-equity-can-grow-over-time/?a=712984-fa409495d5d70154d03a25e81e9540e2">equity</a> can help. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.</p>
<h3><strong>Bottom Line</strong></h3>
<p>If you’re thinking about selling your house this season, let’s connect so you have the expert insights you need to make the best possible move today.</p>
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