Unveiling the Key Advantage of Selling Your Home During Spring

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:

“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”

The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today, the number is much lower:

“Total housing inventory registered at the end of February was 980,000 units, identical to January and up 15.3% from one year ago (850,000). Unsold inventory sits at a 2.6-month supply at the current sales pace, down 10.3% from January but up from 1.7 months in February 2022.”

Why Does Low Inventory Make It a Good Time To Sell?

You're correct. When there is less inventory on the market, sellers are likely to face less competition from other sellers. This can result in increased attention from buyers who have limited options available to them. With more buyers than homes for sale, the potential for multiple offers on a property increases. The graph you mentioned further supports this trend, showing a rise in multiple offers. Multiple offers can create a competitive bidding situation, which may drive up the final sale price and potentially lead to a more favorable outcome for the seller.

In a situation where there are multiple offers on a house, sellers have the advantage of greater leverage to negotiate and sell on their preferred terms. However, to maximize the potential for a bidding war, it is important to work closely with an experienced real estate advisor who can guide you through the process. While the current market is favorable for sellers, it's important to note that it may not be as frenzied as it was in previous years. Today's buyers are more discerning and focused on houses that offer the greatest appeal in terms of condition, location, and pricing. Having a knowledgeable real estate advisor by your side can help you navigate the competition and position your home to attract the most favorable offers.

"Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country. So, this spring, it's especially important for sellers to make their homes as attractive as possible to appeal to as many buyers as possible.”

Bottom Line

If you’ve been waiting for the right time to sell your house, low inventory this spring sets you up with a big advantage. Let’s connect today to make sure your house is ready to sell. 

289 Properties
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$387,500
Neighborhood: Rotonda Lakes
3
Beds
2
Baths
1,636
Sq.Ft.
2020
Year Built
2
Days on Site
A4614975
MLS
$599,900
Neighborhood: Rotonda West Pinehurst
3
Beds
2
Baths
1,932
Sq.Ft.
2003
Year Built
2
Days on Site
K4902569
MLS
$579,000
Neighborhood: Rotonda West Long Meadow
3
Beds
2
Baths
1,946
Sq.Ft.
2005
Year Built
2
Days on Site
D6137048
MLS
$464,900
Neighborhood: Rotonda Lakes
3
Beds
3
Baths
2,384
Sq.Ft.
2023
Year Built
5
Days on Site
C7494281
MLS
$394,650
Neighborhood: Rotonda West Broadmoor
4
Beds
2
Baths
2,169
Sq.Ft.
2024
Year Built
5
Days on Site
C7494282
MLS
$455,000
Neighborhood: Rotonda West Long Meadow
3
Beds
2
Baths
1,943
Sq.Ft.
1997
Year Built
5
Days on Site
D6136697
MLS
$440,000
Neighborhood: Rotonda West Long Meadow
3
Beds
2F11/2
Baths
1,632
Sq.Ft.
2001
Year Built
5
Days on Site
N6133492
MLS
$349,000
Neighborhood: Rotonda West Oakland Hills
2
Beds
2
Baths
1,240
Sq.Ft.
1974
Year Built
5
Days on Site
A4614740
MLS
$354,900
Neighborhood: Rotonda Lakes
4
Beds
2
Baths
1,817
Sq.Ft.
2023
Year Built
5
Days on Site
O6216531
MLS
$420,000
Neighborhood: Rotonda West White Marsh
3
Beds
2
Baths
1,640
Sq.Ft.
2017
Year Built
5
Days on Site
C7494222
MLS
$379,900
Neighborhood: Rotonda Pebble Beach
3
Beds
2
Baths
2,010
Sq.Ft.
1984
Year Built
6
Days on Site
D6137044
MLS
$725,000
Neighborhood: Rotonda Lakes
3
Beds
2
Baths
2,030
Sq.Ft.
2021
Year Built
6
Days on Site
D6137052
MLS

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