Are you considering selling your house this spring? If so, you might be in a real sweet spot – learn more in this video:
The number of homes for sale is up from last year but still lower than in pre-pandemic years.
The most significant difficulty in the housing market right now, and certainly for the foreseeable future, is the scarcity of available homes in comparison to the amount of people looking to buy. That is why, if you are considering selling your home, now is a perfect time to do so. Your home would be welcomed in a market with fewer available homes than in the years preceding the pandemic.
According to Realtor.com’s most recent Monthly Home Market Trends Report:
“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”
How Does This Affect You?
With fewer properties for sale, purchasers have fewer options than before the pandemic, and this aggravation is prompting some to abandon the homebuying process entirely. But, with mortgage rates lower than they were last fall, more buyers are eager to re-enter the market—they simply need to locate properties to buy. This is encouraging activity for the spring market, especially if you’re considering selling your home.
The New York Times (NYT) reported on many people’s newfound interest in purchasing a home:
“Home buyers are edging back into the market after being sidelined last year . . .”
To meet the demand of today’s home buyers, the housing industry needs more homes for sale. If you’ve considered selling, now is the time to connect and get ready to make a move this spring. This spring could be your chance if you want to take advantage of the current market conditions.
If you’re ready to sell or just have questions, reach out to us at 404-410-6465 or visit CompleteRealtyTeam.com. Thanks and until next time!