Why You Shouldn’t Wait to Sell Your HouseWe’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. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.
Inventory Levels: Single-Family Homes
At the same time, homebuilders are increasing construction this year, but they can’t keep up with growing demand. While reporting on inventory of newly constructed homes, the U.S.
Census Bureau notes:
“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.”
happening in the real estate market today.
As vaccine rollouts progress and we continue to see the economy recover, more houses 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.