Now's the Time to Sell

By
February 29, 2024

Wondering if it still makes sense to sell your house right now? The short answer is, yes.

With Today's Housing Supply, Now is the Time to Sell

Considering whether it's the right time to sell your house? Absolutely! The current landscape suggests so, and examining the current inventory of homes for sale reveals why.

Data from Calculated Risk indicates a 15.6% increase in homes for sale compared to the same period last year. This surge signifies a growing inventory. However, juxtaposing it with 2019, the last benchmark year for the housing market, reveals a staggering 40% decrease in available homes.


Here's why this trend works in your favor as a seller:

Expanded Options for Your Next Move

Contemplating a sale due to size constraints, changing needs, or space requirements? The year-over-year expansion in inventory broadens your spectrum for house hunting. Consequently, finding a suitable home might be less daunting.

If concerns about finding a suitable home have stalled your selling plans, this uptick in inventory could be the silver lining you've been waiting for. Collaborating with a local real estate expert ensures you stay abreast of available homes in your vicinity.

Limited Competition in the Market

Despite the increased number of homes for sale, the current inventory still falls short of a standard year like 2019. The deficit, as highlighted by recent Realtor.com insights, won't be resolved overnight:

". . . the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels."

For sellers, this implies that appropriately pricing your property in collaboration with an agent should attract considerable attention from eager buyers, potentially resulting in a swift sale.

The bottom line is, for homeowners contemplating a sale, the timing appears favorable. Enhanced options for your next home purchase coupled with limited competition from other sellers indicate an opportune moment to make your move. To kickstart the process, engage in dialogue with a local real estate agent.

Contact Alaskan Properties at (907) 694-3434 to learn more!