Chuncey Foreman Denver Colorado Realtor & Real Estate

  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube
  • Home
  • Get Your Freebie
    • Unlock the True Value of Your Home
    • Gain the Edge in Your Property Search
    • Book a Time to Chat
  • Search
    • Advanced Search
    • Map Search
  • Our Story
    • Get to Know Me
    • Mission and Vision Statement
    • Client Testimonials
    • Frequently Asked Questions
  • Contact
  • Insights & Inspiration

What’s a Sellers’ Market 🗝️

March 31, 2021 By Chuncey Foreman

If you’ve given even a casual thought to selling your house soon, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal or ‘neutral’ market in which there are enough homes available for active buyers (See graph below):What It Means To Be in a Sellers’ Market | Simplifying The Market When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises, and more bidding wars occur, making it essential for buyers to submit desirable offers.

As this happens, home prices rise, and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

Today, many buyers are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.

Filed Under: home seller, real estate

Recent Posts

  • The True Value of Homeownership
  • First-Time Homebuyer Success Keys
  • Selling Now: Expert Insights & Benefits
  • Vacation Home vs Renting: Benefits
  • Owning Home Shields Against Inflation
  • Winning Colorado Property Assessment Appeals
  • Expert Agent: Essential for Homebuyers
  • MAY 2023/JUNE 2023 NEWSLETTER
  • Job Market Drives Homebuyer Demand
  • Home Price News: Essential Insights
* * , *
{{{disclaimer_txt}}}
Listing Data last updated: 2nd June, 2023 20:00 MST
Equal Housing Opportunity
Privacy Policy
Service by Buying Buddy® IDX CRM
Copyright © 2003 - 2023 Buying Buddy. All rights reserved.
Equal Housing
Blue Fire Group    Real Estate Websites
© 2023 Copyright
LAC
Buying Buddy    Powered By Buying Buddy ®