If you want your house to sell quickly and are curious about the timeframe, consider teaming up with a local real estate agent.

They can provide valuable insights on the current pace of home sales in your area and the factors influencing how long it takes for others to sell. This helps you set practical expectations and collaborate on a solid plan tailored to today's market.

Sure, let's talk about an important aspect that top-notch agents guide you through - the availability of homes for sale and how it influences your journey.

The Growing Supply of Homes for Sale

Over the last couple of months, there has been a rise in the inventory of homes available for sale. This uptick can be advantageous when you're in the process of relocating, providing you with a wider selection to consider for your future residence. However, the flip side is that potential buyers now have a greater range of choices. Consequently, if your property doesn't distinguish itself, you might experience a slightly prolonged duration on the market when trying to sell.

The available inventory consists of new listings (homes recently put up for sale) and active listings (homes already on the market but not sold yet). Data from Realtor.com shows a significant portion of recent growth comes from active listings that remain on the market (refer to the blue bars in the graph below).

How It’s Impacting Listings Today

Just like loaves of bread at a bakery, homes on the market are more appealing when they're fresh. When a new property listing hits the market, it generates more interest compared to listings that have been around for a while. Over time, just like bread turning stale, the longer a house sits on the market, the less enticing it becomes to potential buyers.

When it comes to houses, the newest listings are usually the most attractive to buyers. However, if a home is not priced right, doesn't look appealing, or lacks a solid sales and marketing plan, it may linger on the market and lose its appeal to potential buyers as time goes on.

An Agent Will Help Your House Stand Out and Sell Quickly

Timing is crucial to you. You're looking to get this done quickly. By enlisting the help of an expert, they'll ensure your listing stays current and doesn't linger on the market too long. According to the National Association of Realtors (NAR):

““Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”
”

— National Association of Realtors (NAR)

Your agent will consider the recent increase in inventory when crafting a personalized selling strategy for your home. Housing supply can greatly differ depending on the location. They will provide valuable insights on the local supply trends, assist in setting the right price for your home, and develop a marketing plan to enhance the visibility of your property.

Make sure your listing stays current by contacting a real estate agent today. Ensuring your listing is attractive to potential buyers right from the beginning can have a significant impact.

Bottom Line

If you're looking to sell your house quickly, partnering with a professional is essential. Having someone who is knowledgeable about the current market trends and can develop a strategic plan tailored to your home is crucial for a swift sale. Let's connect and ensure your house is positioned to attract potential buyers effectively.