{"id":7495,"date":"2021-03-29T10:00:45","date_gmt":"2021-03-29T10:00:45","guid":{"rendered":"https:\/\/thezakariagroup.com\/what-it-means-to-be-in-a-sellers-market\/"},"modified":"2021-03-29T10:00:45","modified_gmt":"2021-03-29T10:00:45","slug":"what-it-means-to-be-in-a-sellers-market","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/what-it-means-to-be-in-a-sellers-market\/","title":{"rendered":"What It Means To Be in a Sellers\u2019 Market"},"content":{"rendered":"
\n

\"What<\/p>\n

If you’ve given even a casual thought to selling<\/a> your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market<\/strong> and the optimal time to make sure your house is available<\/a> for buyers who are looking for homes to purchase.<\/span><\/p>\n

The latest Existing Home Sales Report<\/a> from The National Association of Realtors <\/em>(NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply<\/strong> at the current sales pace.<\/p>\n

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (See graph below)<\/em>:\"What<\/a>When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential<\/a> for buyers to submit very attractive offers<\/a>.<\/p>\n

As this happens, home prices rise and sellers<\/a> are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few<\/a> homes are available to buy, it will likely get a lot of attention from hopeful buyers.<\/p>\n

Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates<\/a> and a year filled with unique changes<\/a> have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.<\/p>\n

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

Home prices are appreciating<\/a> in today’s sellers’ market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.<\/p>\n<\/div>\n

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

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. 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