2. Is It Worth It To Sell Now?
The supply of homes for sale is still low, so we’re still in a seller’s market today (see graph below). With more buyers than homes today, buyers crave more options, and your house may be just what they’re looking for. Selling while inventory is this low means if you price your house right, it’s likely to be in demand. The graph below puts today’s inventory into perspective.
Months’ Inventory of Homes for Sale
13 12 11 10
2010
2008
Buyer’s Market (> 7 Months)
2007 2006
9 8 7 6 5 4 3 2 1 0
(6-7 Months)
Neutral Market
Today
Seller’s Market
1999
(< 6 Months)
Source: NAR
3. Are Home Prices Falling?
Put simply, they are not. Recent data shows home prices are on the rise at a normal pace in many parts of the country. And while prices vary by market, experts project they’ll continue to rise at typical levels of appreciation in the years ahead. So, with the worst home price declines behind us and prices appreciating today, you can still sell with confidence this season.
Bottom Line
If you're thinking about selling your house this winter, let’s chat so you have the advice and information you need to make the right choice.
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