š§ Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with todayās market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we donāt have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), weāre still firmly in a sellersā market because housing supply is well below a balanced norm
The scales are tipped in a sellerās favor today. But while housing supply is undeniably low, the right side of the graph shows how the inventory situation is improving little by little each month as more sellers list their homes for sale.
As a seller, that means each month, buyers have more options to pick from. By extension, that means your house may get less buyer attention with time.
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So, whatās that mean for you?
If youāve been waiting for the perfect time to sell, there may not be a better chance than right now. Inventory is gradually increasing each month, so selling sooner rather than later will help you maximize your homeās potential.
Feel free to contact Stephen Haw at (310) 503-9886 to find out how you can get top dollars for your precious property in the current market. DRE# 00808646, Keller Williams Palos Verdes Realty.
www.StephenHaw.com
CallĀ 310.503.9886Ā or emailĀ skh8828(at)gmail(dotted)comĀ for professional guidance from The Stephen Haw Group, your local experts with international connections.