Perspective Matters when selling your house today

Does the latest news about the housing market have you questioning your plans to sell your house?

If so, perspective is key. Here are THREE things to help you understand the shift happening in the market:

1. 𝙁𝙚𝙬𝙚𝙧 𝙃𝙤𝙢𝙚𝙨 𝙛𝙤𝙧 𝙎𝙖𝙡𝙚 𝙩𝙝𝙖𝙣 𝙋𝙧𝙚-𝙋𝙖𝙣𝙙𝙚𝙢𝙞𝙘

While the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market.

When inventory is low, there is still demand for your house because there just aren’t enough homes available for sale.

2. 𝙃𝙤𝙢𝙚𝙨 𝘼𝙧𝙚 𝙎𝙩𝙞𝙡𝙡 𝙎𝙚𝙡𝙡𝙞𝙣𝙜 𝙁𝙖𝙨𝙩𝙚𝙧 𝙏𝙝𝙖𝙣 𝙈𝙤𝙧𝙚 𝙉𝙤𝙧𝙢𝙖𝙡 𝙔𝙚𝙖𝙧𝙨

While homes aren’t selling as quickly as they did a few months ago, the average number of days on the market is still well below pre-pandemic norms – in large part because inventory is so low.

While it may not be as fast as it was a couple of months ago, homes are still selling much faster than they did in more normal, pre-pandemic years. And if you price it right, your home could still go under contract quickly.

3. 𝘽𝙪𝙮𝙚𝙧 𝘿𝙚𝙢𝙖𝙣𝙙 𝙃𝙖𝙨 𝙈𝙤𝙙𝙚𝙧𝙖𝙩𝙚𝙙 𝙖𝙣𝙙 𝙄𝙨 𝙉𝙤𝙬 𝙞𝙣 𝙇𝙞𝙣𝙚 𝙬𝙞𝙩𝙝 𝙈𝙤𝙧𝙚 𝙏𝙮𝙥𝙞𝙘𝙖𝙡 𝙔𝙚𝙖𝙧𝙨

Buyer demand has softened this year in response to rising mortgage rates. But again, perspective is key. Getting 3-5 offers like sellers did during the pandemic isn’t the norm.

Even though buyer demand has moderated from the pandemic peak, it hasn’t disappeared. The buyers are still out there, and if you price your house at current market value, you’ll still be able sell your house today.