Why Today’s Housing Supply Is a Sweet Spot For Sellers

Why Now is a Great Time to Sell Your House

Wondering if it still makes sense to sell your house right now? The short answer is yes. Two key factors from current market trends make this a favorable time to list your property.

Inventory Growth with Limited Competition

An article from Calculated Risk reveals that there's 15.6% more homes for sale now compared to the same week last year, indicating that inventory is growing. However, when compared to 2019, the last typical year in the housing market, there are nearly 40% fewer homes available. Here's why this works in your favor as a seller:

1. More Options for Your Next HomeAre you considering selling because your current house doesn't meet your needs? The year-over-year increase in inventory gives you more options for your home search. This means you might find it less challenging to locate a home that suits you. If you were hesitant to sell because you were concerned about finding a new home, this could be just the news you need. A local real estate professional can help you stay informed about homes available in your area.
2. Less Competition When SellingEven though there's an increase in homes for sale compared to last year, the market still has fewer listings than a typical year. As Realtor.com notes, while inventory is improving, it's still significantly lower than pre-pandemic levels. This gap won't close quickly. For sellers, this limited competition means if you work with an agent to price your home correctly, it should attract plenty of eager buyers and could sell quickly.

The Local Military Impact

In some areas, like those with a significant military presence, there's an additional factor to consider: "PCS Season." This refers to Permanent Change of Station, when military personnel receive orders to relocate. Many service members use VA loans to purchase homes at their new bases. To recover their VA entitlements, they need to sell their previous home. This creates a surge in demand in local markets with a large military presence, providing homeowners with a unique opportunity. Listing your house during this time could lead to increased interest and appealing offers.

Bottom Line

If you're thinking about selling your home, now could be an ideal time. You'll have more options for your next move and face less competition from other sellers. If you're ready to take the next step, reach out to a local real estate agent to start the process. With the right strategy, you can capitalize on the current market conditions and make a successful sale.