When deciding whether to sell your home, your personal situation should take center stage. Market conditions are only part of the picture, and they’re not even the most important. What does that mean for you? It means you should only sell your house if the market and your individual situation line up. In other words, you’ll want to make sure you’re emotionally and financially prepared before pulling the trigger. We’ll discuss exactly what that looks like in the next section. If you are wondering about the housing market, the key stat for sellers to keep in mind is inventory. Just like anything else that gets bought and sold, housing prices in the U.S. (or anywhere else) depend on supply and demand. And when supply is low and demand is high, prices go up. That’s exactly where the housing market is right now. While inventory is growing across the U.S., it’s not happening fast enough to keep up with increasing demand—which means home prices will continue rising. For reference, there were 4.9% more homes up for sale across the country in December 2023 than the year before, but the total was still lower than the pre-COVID average from 2017–2019.
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