When you’re thinking of selling your home, real estate inventory really matters! The principles of supply and demand say that your home is more likely to sell quickly (for the price you want) when there are fewer homes on the market.
Right now, housing inventory is low. Are more homes going to be listed soon, though? When is the best time to sell? Let’s take a look.
We’re seeing numbers of new listings rise.
Typically, spring is the busiest time of year for buying and selling homes. There’s usually a predictable increase in inventory throughout the first half of the year, and lower inventory as the year winds down. Sellers like to list when buyers are most active, which makes sense! Once school starts and the holidays are approaching, people are less likely to want to move.
This year, though, things have been a bit different. We’ve seen an extended buying season. There’s been an increase of people listing their homes this fall. This graph shows this August versus the normal seasonal trend:
As Realtor.com explains: “While inventory continues to be in short supply, August witnessed an unusual uptick in newly listed homes compared to July, hopefully signaling a return in seller activity heading toward the fall season.” It’ll be interesting to see how this trend plays out through the fall.
What this means for you:
Inventory is still low, but it’s moving in a positive direction. If you’ve been waiting to sell your house, now might be the right time. Take a look at this new listing count:
Even with more homes being listed, inventory is still well below normal. Listing now, before housing inventory changes significantly, will mean your house has less competition. If your dream home is out there waiting, don’t let your current home hold you back!
Selling a less than perfect home:
It’s important to know that people are generally looking for move-in-ready homes when affordability is low. They don’t want to max out their budget and then have to do renovations. If your current home is dated or in need of repairs, though, don’t worry; you don’t have to sink hundreds of hours or thousands of dollars into fixing it before you can sell. Instead, you can work with us at MarketPro Homebuyers. We buy homes fast—for cash—no matter the condition.
You may ask:
“Can I sell my house fast if I just inherited it?”
“Can I sell my house fast if it needs major repairs?”
“Can I sell my house fast if I’ve already found my new home?”
The answer is “yes!”
At MarketPro, we’ll buy your house for cash no matter the condition. We pride ourselves on providing a smooth and stress-free customer experience.
Work with MarketPro:
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania or Florida, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.