{"id":7821,"date":"2022-08-04T10:00:11","date_gmt":"2022-08-04T10:00:11","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-its-still-a-sellers-market\/"},"modified":"2022-08-04T10:00:11","modified_gmt":"2022-08-04T10:00:11","slug":"why-its-still-a-sellers-market","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-its-still-a-sellers-market\/","title":{"rendered":"Why It\u2019s Still a Sellers\u2019 Market"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124231\/20220804-KCM-Share-549x300.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Why It\u2019s Still a Sellers\u2019 Market | Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124231\/20220804-KCM-Share-549x300.jpg 549w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124231\/20220804-KCM-Share.jpg 750w\" sizes=\"(max-width: 549px) 100vw, 549px\"><\/p>\n<p>As there\u2019s more and more talk about the <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/08\/02\/3-graphs-to-show-this-isnt-a-housing-bubble\/\">real estate market<\/a> cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/07\/18\/wondering-where-youll-move-if-you-sell-your-house-today\/\">sell your house<\/a>. If you\u2019re thinking of making a move, you should know the market is still anything but normal.<span id=\"more-46940\"><\/span><\/p>\n<p>Even though the supply of <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/06\/17\/more-listings-are-coming-onto-the-market-infographic\/\">homes for sale<\/a> has been growing this year, there\u2019s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That\u2019s because the level of <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/07\/22\/great-news-about-housing-inventory-infographic\/\">inventory<\/a> of homes for sale can help determine if buyers or sellers are in the driver\u2019s seat. Think of it like this:<\/p>\n<ul>\n<li>A <strong>buyers\u2019 market<\/strong> is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.<\/li>\n<li>In a <strong>sellers\u2019 market<\/strong>, it\u2019s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.<\/li>\n<li>A <strong>neutral market<\/strong> is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.<\/li>\n<\/ul>\n<p>And for the past two years, we\u2019ve been in a red-hot sellers\u2019 market because inventory has been near record lows. The blue section of this graph <a href=\"https:\/\/www.nar.realtor\/topics\/existing-home-sales\">highlights<\/a> just how far below a neutral market inventory still is today.<\/p>\n<p><a href=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124230\/20220804-MEM-Eng.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-46941\" src=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124230\/20220804-MEM-Eng.png\" alt=\"Why It\u2019s Still a Sellers\u2019 Market | Simplifying The Market\" width=\"650\" height=\"488\" srcset=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124230\/20220804-MEM-Eng.png 960w, https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/08\/03124230\/20220804-MEM-Eng-400x300.png 400w\" sizes=\"(max-width: 650px) 100vw, 650px\"><\/a><\/p>\n<h4><strong>What Does This Mean for You?<\/strong><\/h4>\n<p>Ed Pinto, Director of the <em>American Enterprise Institute\u2019s Housing Center,<\/em> gives a perfect summary of what\u2019s happening in today\u2019s market, <a href=\"https:\/\/fortune.com\/2022\/06\/26\/housing-market-outlook-prices-appreciation\/\">saying<\/a>:<\/p>\n<blockquote>\n<p><em>\u201cOverall, the best summary is that we\u2019ll move from a gangbuster sellers\u2019 market to a modest sellers\u2019 market.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Conditions are still in your favor even though the market is cooling. If you work with an agent to price your house at market value, you\u2019ll find success when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/06\/30\/if-youre-selling-your-house-this-summer-hiring-a-pro-is-critical\/\">sell your house<\/a> today. While buyer demand is softening due to higher mortgage rates, homes that are <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/06\/06\/why-you-need-an-expert-to-determine-the-right-price-for-your-house\/\">priced right<\/a> are still selling fast. That means your window of opportunity to list your house hasn\u2019t closed.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Today\u2019s housing market still favors sellers. If you\u2019re ready to sell your house, let\u2019s connect so you can start making your moves.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As there\u2019s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you\u2019re thinking of making a move, you should know the market is still anything but normal. Even though [&hellip;]<\/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_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,102,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why It\u2019s Still a Sellers\u2019 Market - 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-its-still-a-sellers-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why It\u2019s Still a Sellers\u2019 Market - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"As there\u2019s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. 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