Today’s Housing Inventory Is a Sweet Spot for Sellers
Are you thinking about selling your house? If so, know today’s market benefits you because there are very few homes for sale. There aren’t enough homes for sale compared to the number of people who want to buy them. The graph below uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market:
The Supply of Homes for Sale Is Still Low Active Listings Count
2017
2018
2019
2023
1,500,000
1,000,000
500,000
0
January February
March
April
May
June
July
August
Source: Realtor.com
It’s worth noting that 2020-2022 are not included in this graph. That’s because they were abnormal years for the housing market. To make the comparison fair, those have been omitted so they don’t distort the data. When you look at the orange bars representing 2023 and compare them to the years when the housing market was normal (2017-2019), you can see that the number of homes available for sale each month is still much lower than usual. What Does This Mean for You? If you’re thinking about selling your house, that low inventory is why this is a great time to do so. Buyers have fewer choices now than they did in more normal years, which means your house will be in high demand. On top of that, you’ll have less competition from other sellers. Bottom Line When there are only a few houses for sale, yours will get a lot of attention. If you've been thinking about selling, now is the time to take action. Let’s talk to begin the process.
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