It's the Ideal Time to Sell Your Home

Exploring the Current Housing Market: An Ideal Time for Sellers

If you're contemplating whether this is an opportune moment to sell your home, the concise answer is affirmative. A closer examination of the housing inventory reveals two compelling reasons for this.

Recent insights from Calculated Risk indicate a 15.6% increase in the number of homes available for sale compared to the same period last year, signaling an uptick in inventory. However, a comparison with 2019, the last year reflecting a pre-pandemic normalcy in the housing market, shows a stark contrast with nearly 40% fewer homes on the market today:

This scenario presents distinct advantages for sellers, detailed as follows:

Enhanced Opportunities for Your Next Move

Whether your current home no longer suits your needs due to its size or other factors, the increase in inventory year-over-year provides a broader selection for your next purchase. This expansion in choices means finding your next home could be easier than anticipated.
For those hesitant to sell due to concerns over finding a suitable next home, this development could be the encouraging news needed. Collaborating with a local real estate expert can ensure you have the most current information on available properties in your desired area.

Limited Competition Enhances Seller Advantage

Despite the increase in available properties, the market is still significantly below the inventory levels seen in a typical year. The data from Calculated Risk highlights a nearly 40% reduction in homes for sale compared to 2019, a gap unlikely to close quickly. As noted by Realtor.com:

"While there is a noticeable improvement in the number of listings and new homes entering the market compared to last year, the journey back to pre-pandemic inventory levels remains extensive."

This situation means that with strategic pricing and the assistance of a knowledgeable agent, your property is poised to attract considerable interest from buyers, potentially leading to a swift sale.

Key Takeaway

For homeowners considering a sale, the market conditions are favorable. Increased buying options and reduced competition create a prime selling environment. If you're poised for a change, now is the time to engage with a professional to initiate the process.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

3007 W Horizon Ridge Pkwy, Ste. 210, Henderson, NV 89052