Selling your house can be quite a challenge, especially when you're trying to balance the ever-changing market with your own personal needs for the move.

One thing that's actually going pretty well for you is the fact that there aren't a lot of homes up for sale at the moment. Let me break down what this means for you and give you the lowdown on the current inventory situation.

The Supply of Homes for Sale Is Far Below the Norm

When you're trying to sell something, it's great if what you're selling is really popular but also not very easy to find. Why is that? Well, it makes it even more attractive because there just aren't enough of them to go around. And guess what? That's exactly what's going on in the housing market right now. There are way more people looking to buy homes than there are homes available for sale. Crazy, right?

So, let me start by giving you an idea of how crazy things are in the real estate world right now. We're talking about low inventory like you wouldn't believe! To better illustrate this, I'm going to share some fresh info on active listings, or homes that are actually up for sale. Take a look at the nifty graph below, which uses data from Realtor.com. It shows the number of active listings in September this year compared to the usual market trends. Trust me, you won't believe your eyes!

As you can see in the graph, if you look at the last normal years for the market (shown in the blue bars) versus the latest numbers for this year (shown in the red bar), it’s clear inventory is still far lower than the norm.

What That Means for You

It's a bit of a bummer, but nowadays buyers don't have as many options as they used to in the past. But hey, that can actually work out pretty well for you if you're thinking of selling. Since there's a shortage of homes on the market, well-priced houses are still flying off the shelves, and sellers are often getting multiple offers from eager buyers. So, if you're considering selling your home, you might be in for some sweet perks.

Based on the latest data from the Confidence Index from the National Association of Realtors (NAR):

  • 69% of homes sold in less than a month.

  • 2.6 offers: the average number of offers on recently sold homes.

“. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .”
— Realtor.com

Bottom Line

The housing market right now is a bit crazy, mainly because there aren't enough homes available for sale. Buyers are super eager and craving more options. Guess what? Your house might just be what they're searching for!

Let's chat and get your house listed at the perfect price for today's market. I'm telling you, it could sell like hotcakes and you might even receive multiple offers. Exciting, right? So, let's connect and make it happen!