Considering selling your house but unsure if it’s the right time? The answer is a resounding yes, and the current state of housing inventory illustrates why.

Recent data from Calculated Risk reveals a 15.6% increase in homes for sale compared to the same period last year, indicating a notable expansion in inventory. However, when contrasted with 2019, the final pre-pandemic year, the available housing supply is nearly 40% lower.

Here’s how this situation works in your favor as a seller:

1. Increased Options for Your Next Move
   If you’re contemplating a sale due to changing needs or space requirements, the year-over-year growth in inventory provides you with a broader selection for your next home. This expanded inventory can alleviate concerns about finding a suitable property, making your search potentially less daunting. By partnering with a local real estate expert, you can stay informed about available homes in your desired area.
2. Limited Competition in the Market
   Despite the uptick in available homes, the inventory remains significantly below pre-pandemic levels. Realtor.com highlights this ongoing disparity, emphasizing that while inventory and new listings are improving, they have yet to reach pre-pandemic levels. This imbalance indicates that, as a seller, you still benefit from relatively low competition in the market. With proper pricing strategies guided by a knowledgeable agent, your home is likely to attract significant attention from motivated buyers, potentially resulting in a swift sale.

In Summary:
For homeowners considering selling, the current market presents favorable conditions. With a wider array of options for your next home and relatively subdued competition from other sellers, now is an opportune time to make a move. To initiate the process, reach out to a trusted local real estate agent for expert guidance and support.