Thinking about selling your house right now? Well, let me tell you, it absolutely makes sense! Trust me, especially when you take into account the fact that there are so few homes available for sale these days. It's the perfect time to make a move!

Have you heard about the low inventory situation right now? It's causing quite a buzz! But you know what? You might not be aware of just how low it is and why it's actually a great thing when you're trying to sell your house. Let me show you this awesome graph from Calculated Risk that can really put it all into perspective.

So, here's the thing: according to the graph, housing inventory increased a little compared to last week (that's the blue bar), but overall, there's still not enough available (that's the red bars). And get this, compared to the same time last year, supply is down by about 10% - and it was already pretty low back then. But wait, if you look back even further, you'll see that inventory has decreased even more. Pretty crazy, right?

Can you believe that the inventory of homes on the market right now is drastically different from what it used to be in 2019? It's pretty astonishing! If we compare the same week this year to the corresponding week in 2019, we can see that the supply of homes for sale is around 50% lower. That means we have only half the number of homes available right now compared to what we would typically have.

Basically, what you need to know is that the housing market is still not balanced. There are a lot of people looking to buy houses, but there simply aren't enough houses available. Lawrence Yun, who is the Chief Economist at the National Association of Realtors, says the same thing.

““There are simply not enough homes for sale. The market can easily absorb a doubling of inventory.””

— Lawrence Yun, Chief Economist at the National Association of Realtors (NAR)

Just wanted to give you a heads up if you're thinking about listing your house. Right now, the housing market is a bit different than usual, with only about half the usual number of available homes for sale. But don't worry, this actually works in your favor! Since there's less competition, your house will really stand out and could attract multiple offers. Plus, you might be looking at a super speedy sale. Pretty awesome, right?

Bottom Line

Right now, the number of homes up for grabs is about half of what we'd normally have in a regular year. This means one thing: There is a solid demand for houses like yours. If you're thinking about selling, now's the time to act. Let's get in touch ASAP, and we'll make sure your house stands out from the crowd while the inventory is super low. Trust me, this is an opportunity you don't want to miss!