{"id":7443,"date":"2021-01-14T11:00:01","date_gmt":"2021-01-14T11:00:01","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-right-now-may-be-the-time-to-sell-your-house\/"},"modified":"2021-01-14T11:00:01","modified_gmt":"2021-01-14T11:00:01","slug":"why-right-now-may-be-the-time-to-sell-your-house","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-right-now-may-be-the-time-to-sell-your-house\/","title":{"rendered":"Why Right Now May Be the Time to Sell Your House"},"content":{"rendered":"
\n

\"Why<\/p>\n

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates<\/strong> are a driving factor in this continued momentum, with average rates hovering at historic all-time lows<\/a>.<\/span><\/p>\n

According to the latest Realtors Confidence Index Survey<\/a><\/em> from the National Association of Realtors <\/em>(NAR), buyer demand across the country is incredibly strong<\/strong>. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:\"Why<\/a>As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.<\/p>\n

NAR also just reported<\/a> that the actual number of homes currently for sale stands at 1.28 million<\/strong>, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply <\/strong>available at the current sales pace. In a normal market, that number would be 6.0 months of inventory<\/a> – significantly higher than it is today.<\/p>\n

What does this mean for buyers and sellers?<\/strong><\/h4>\n

Buyers<\/strong> need to remain patient<\/strong> in the search process. At the same time, they must be ready to act immediately<\/strong> once they find the right home since bidding wars<\/a> are more common when so few houses are available for sale.<\/p>\n

Sellers <\/strong>may not want to wait until spring to put their houses on the market, though. With such high buyer<\/strong> demand and such a low supply<\/strong>, now is the perfect time to sell a house on optimal terms.<\/p>\n

Bottom Line<\/strong><\/h3>\n

The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,102,104],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nWhy Right Now May Be the Time to Sell Your House - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/why-right-now-may-be-the-time-to-sell-your-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Right Now May Be the Time to Sell Your House - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. 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