{"id":8283,"date":"2024-03-14T10:30:00","date_gmt":"2024-03-14T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/why-todays-sellers-market-is-good-for-your-bottom-line\/"},"modified":"2024-03-14T10:30:00","modified_gmt":"2024-03-14T10:30:00","slug":"why-todays-sellers-market-is-good-for-your-bottom-line","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/why-todays-sellers-market-is-good-for-your-bottom-line\/","title":{"rendered":"Why Today\u2019s Seller\u2019s Market Is Good for Your Bottom Line"},"content":{"rendered":"<div><img decoding=\"async\" width=\"358\" src=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240311\/20240314-Why-Today-s-Seller-s-Market-Is-Good-for-Your-Bottom-Line.png\" alt=\"Why Today\u2019s Seller\u2019s Market Is Good for Your Bottom Line Simplifying The Market\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear: both; max-width: 100%;\"><\/p>\n<p>Thinking about <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/03\/06\/why-access-is-so-important-when-selling-your-house\/\" rel=\"noopener noreferrer\" target=\"_blank\">selling your house<\/a> and wondering if now\u2019s a good time to do it? Here\u2019s what you need to know. Even though the number of <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/02\/27\/why-todays-housing-supply-is-a-sweet-spot-for-sellers\/\" rel=\"noopener noreferrer\" target=\"_blank\">homes for sale<\/a> has been growing this year, there still aren\u2019t enough homes on the market for all the buyers who want to buy.<\/p>\n<p>So, what does that mean for you? To keep it simple, it means it\u2019s still a seller\u2019s market. Here\u2019s how it works:<\/p>\n<ul>\n<li>A <strong>neutral market<\/strong> is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.<\/li>\n<li>A <strong>buyer\u2019s market <\/strong>is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer\u2019s market, sellers may have to do price cuts to re-ignite interest in their home, and prices may go down. But we haven\u2019t seen this for years since there are so few homes available to buy.<\/li>\n<li>In a <strong>seller\u2019s market<\/strong>, it\u2019s just the opposite. When the supply of homes for sale is as low as it is right now, it\u2019s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they\u2019re going to do their best to submit a very attractive offer upfront. This could drive the final sale price of your house up.<\/li>\n<\/ul>\n<p>The graph below uses <a href=\"https:\/\/www.nar.realtor\/newsroom\/existing-home-sales-rose-3-1-in-january\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> from the <em>National Association of Realtors<\/em> to show just how deep into seller\u2019s market territory we still are today:<\/p>\n<p>\u00a0<a href=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240313\/20240314-Months-Inventory-of-Homes-for-Sale.png\" rel=\"noopener noreferrer\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/files.keepingcurrentmatters.com\/KeepingCurrentMatters\/content\/images\/20240313\/20240314-Months-Inventory-of-Homes-for-Sale.png\" alt=\"a screenshot of a chart\"><\/a><\/p>\n<p><\/p>\n<h4><strong>What Does This Mean for You?<\/strong><\/h4>\n<p>The market is still working in your favor. If you lean on <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/02\/28\/why-you-want-an-agents-advice-for-your-move\/\" rel=\"noopener noreferrer\" target=\"_blank\">an agent<\/a> for advice on how to get your house <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/02\/19\/its-time-to-prepare-your-house-for-a-spring-listing\/\" rel=\"noopener noreferrer\" target=\"_blank\">list ready<\/a> and how to price it competitively, it should get a lot of attention from eager buyers. That means you\u2019ll likely get multiple offers and see your house <a href=\"https:\/\/www.simplifyingthemarket.com\/2024\/02\/06\/houses-are-still-selling-fast\/\" rel=\"noopener noreferrer\" target=\"_blank\">sell quickly<\/a> and for top dollar. As a recent article from <em>Ramsey Solutions<\/em> <a href=\"https:\/\/www.ramseysolutions.com\/real-estate\/housing-market-forecast\" rel=\"noopener noreferrer\" target=\"_blank\">explains<\/a>:<\/p>\n<blockquote><p><em>\u201c<\/em><strong><em>A seller\u2019s market is when demand for homes is higher than the supply of homes. And that\u2019s still the case right now.<\/em><\/strong><em> If you\u2019re planning to sell your house, you can expect to sell it fairly quickly for close to your asking price\u2014as long as your asking price is realistic for the current market.\u201d<\/em><\/p><\/blockquote>\n<h3>Bottom Line<\/h3>\n<p>Today\u2019s housing market still favors sellers. If you\u2019re ready to sell your house, connect with a local real estate advisor 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>Thinking about selling your house and wondering if now\u2019s a good time to do it? Here\u2019s what you need to know. Even though the number of homes for sale has been growing this year, there still aren\u2019t enough homes on the market for all the buyers who want to buy. So, what does that mean [&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":""},"categories":[100,884],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Today\u2019s Seller\u2019s Market Is Good for Your Bottom Line - 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-todays-sellers-market-is-good-for-your-bottom-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Today\u2019s Seller\u2019s Market Is Good for Your Bottom Line - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Thinking about selling your house and wondering if now\u2019s a good time to do it? 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