The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right. But the supply of homes for sale is growing. Today we’re going to look at what more listings mean when you sell your house.
According to the latest data from Realtor.com, new listings (homeowners who just put their house up for sale) are trending up (see graph below):
The above graph shows that more homeowners are putting that “For Sale” sign up in their yards compared to the same time last year. As Realtor.com says:
“. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.”
What More Listings Mean for You
If you’ve been putting off selling your house, maybe it’s time to start thinking about it again – before your neighbors do. While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours.
For example, if your neighbor decides to put their house on the market and lists their house too, it means you’ll have competition right next door. You don’t want buyers to tour your house and fall in love with someone else’s. You want yours to be in the spotlight.
A great real estate agent can make that happen. They’ll help you get your house ready to list, draw attention to everything today’s buyers are looking for, and help you price it right. That way buyers will be really drawn to your listing and eager to make it their home.
If you’re ready and able to sell now, here’s your opportunity to get the best of both worlds. Since the supply of homes for sale is growing, you’ll have more options for your own move. But you’ll also be able to sell while your house will still stand out.
Bottom Line
Bay Shores Real Estate is a full-service real estate services firm with a highly personal approach serving clients throughout Rhode Island and Southeastern Massachusetts. We can help you find the primary residence or vacation home that’s perfect for you! (And we will be right there with you through the entire buying process!).
Even though inventory is still low, you don’t want to wait for more competition to pop up in your neighborhood. Let’s connect to go over the perks of selling before more homes come to the market and how we can help you find the life you love.
