Are you thinking about selling your house? If so, know today’s market benefits you because there are very few homes for sale. When it comes to selling your house, you’re probably trying to juggle current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you. The Supply of Homes for Sale Is Far Below the Norm When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable, since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale. The graph below uses data from Realtor.com to look at active listings this year compared to what’s more typical in the market. It doesn’t include 2020-2022 because those weren't normal years for the market. The Perks of Selling Your House When Inventory Is Low
The Supply of Homes for Sale Is Still Low Active Monthly Listings Counts, November of Each Year
1,272,566
1,227,700
1,142,966
754,846
2017
2018
2019
2023
Source: Realtor.com
As you can see in the graph, if you look at the last normal years for the market ( bars) versus the numbers for this year (shown in the red bar), it’s clear inventory is still far lower than the norm.
shown in the blue
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