The current housing market is significantly influenced by the limited number of homes available for sale. If you're contemplating listing your house, the scarcity of available properties can work in your favor. This is because a smaller inventory makes your house more prominent, particularly if it's competitively priced.

Indeed, the inventory of homes available for purchase is increasing. As per the most recent information provided by Realtor.com, there is a rise in new listings, indicating that more homeowners are deciding to sell their properties.

According to Realtor.com, there has been an increase in the number of homeowners listing their properties for sale this year compared to last year.

““. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.”
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— Realtor.com

What This Means for You

If you've delayed selling your house, consider revisiting the idea sooner rather than later. With each new house listed in your neighborhood, there's a chance it could divert potential buyers' attention from your property.

When your neighbor also lists their house for sale, you'll have competition right next door. You don't want potential buyers touring your house and falling in love with someone else's. It's important for your property to stand out and be in the spotlight.

A skilled agent has the ability to achieve this for you. They will assist you in preparing your home for listing, highlighting features that modern buyers desire, and determining the optimal price. This approach will attract buyers to your listing and stimulate their enthusiasm to turn it into their new home.

If you're prepared to sell now, this is your opportunity to benefit from a favorable situation. With an increasing supply of homes for sale, you'll have a wider selection for your next move. Moreover, you can sell your house at a time when it can still attract attention.

Bottom Line

Even though the inventory remains limited, it is advisable not to delay until more competition emerges in your area. Feel free to reach out to discuss the advantages of selling your property before additional homes are listed on the market.