{"id":8131,"date":"2023-09-04T10:30:00","date_gmt":"2023-09-04T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-its-still-a-sellers-market-today\/"},"modified":"2023-09-04T10:30:00","modified_gmt":"2023-09-04T10:30:00","slug":"why-its-still-a-sellers-market-today","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-its-still-a-sellers-market-today\/","title":{"rendered":"Why It\u2019s Still a Seller\u2019s Market Today"},"content":{"rendered":"
\"Why<\/p>\n

Even though activity in the housing market has slowed from the frenzy that was the \u2018unicorn\u2019 years<\/a>, it\u2019s still a seller\u2019s market because the supply of homes<\/a> for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house<\/a>?<\/p>\n

The latest Existing Home Sales Report<\/em><\/a> from the National Association of Realtors<\/em> (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It\u2019s also measured by months\u2019 supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there\u2019s usually about a six-month supply. Today, we have only about 3 months\u2019 supply of homes<\/strong> at the current sales pace<\/strong> (see graph below<\/em>):\u00a0<\/p>\n

<\/a>As the visual shows, given the current <\/strong>inventory of homes<\/strong><\/a>, it\u2019s still a seller’s market.<\/strong><\/p>\n

Today, we\u2019re nowhere near what\u2019s considered a balanced market. In fact, the current months\u2019 supply is half of what\u2019s typical of a normal market. That means there just aren\u2019t enough homes to go around based on today\u2019s buyer demand<\/a>.<\/p>\n

As Lawrence Yun, Chief Economist for NAR<\/em>, says<\/a>:<\/p>\n

\u201cThere are simply not enough homes for sale. The market can easily absorb a doubling of inventory.\u201d<\/em><\/p><\/blockquote>\n

How Does Being in a Seller\u2019s Market Benefit You?<\/strong><\/h4>\n

Sellers, these conditions give you a real edge. Right now, there are buyers who are ready, willing, and able to purchase a home. And, because there’s a shortage of homes up for sale, the ones that do hit the market are like magnets for those buyers.<\/p>\n

If you work with a local real estate agent to list your house<\/a> right now, in good condition, and at the right price<\/a>, it could get a lot of attention. You might even end up with multiple offers.<\/p>\n

Bottom Line<\/h3>\n

Today\u2019s seller\u2019s market sets you up with a big advantage when you sell your house. Because supply is so low, your house will be in the spotlight for motivated buyers who are craving more options. Connect with a local real estate agent so you understand what\u2019s happening in your area as you get ready to enter the market.<\/p>\n<\/div>\n

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

Even though activity in the housing market has slowed from the frenzy that was the \u2018unicorn\u2019 years, it\u2019s still a seller\u2019s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The […]<\/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":[100,102,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nWhy It\u2019s Still a Seller\u2019s Market Today - 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-today\/\" \/>\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 Seller\u2019s Market Today - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Even though activity in the housing market has slowed from the frenzy that was the \u2018unicorn\u2019 years, it\u2019s still a seller\u2019s market because the supply of homes for sale is so low. 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