Thinking about selling your house? The quick answer is, definitely. Checking out the current homes for sale, you'll understand why - it's a good idea to sell now because of the low inventory in the market.

Hey, did you catch that article from Calculated Risk? It mentions how there are 15.6% more homes for sale now than there were last year. Looks like the inventory is on the rise. And get this, when we compare it to 2019, which was the last "normal" year for the housing market, there are actually about 40% fewer homes available today. Quite a shift, huh?

Here is an overview of the advantages for you when you sell.

1. You Have More Options for Your Move

Are you considering selling because your current home feels too big, too small, or no longer meets your needs? If that's the case, the increase in year-over-year growth provides you with more choices when searching for a new home. This means it might be easier to find a property that aligns with what you have in mind.

If you've been hesitant to sell because you were concerned about not finding a home you love, here's some good news for you! Teaming up with a local real estate agent can keep you informed about the houses currently on the market in your area.

2. You Still Won’t Have Much Competition When You Sell

Just to give you an idea, even though there are more homes up for sale at the moment, it's still fewer than what you'd typically see in a regular year. I mean, according to the stats from Calculated Risk, we're looking at almost a 40% drop compared to 2019. That's a significant shortage that won't just disappear in a day. As noted in a recent piece on Realtor.com:

“. . . the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels.”
— Realtor.com

If you team up with an agent to set the right price for your house, it'll likely attract enthusiastic buyers and have a good chance of selling quickly.

Bottom Line

Hey there, if you own a home and thinking about selling, this could be a great time. You'll find more choices when you're searching for your next place, and the competition from other sellers isn't too intense right now. So, if you're all set to make a move, let's chat and kickstart the process!