The #1 Reason To Sell Your House Today in Danville, CA
Almost every industry is struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.
Buyer demand is very strong right now. The National Association of Realtors released its Existing Home Sales Report revealing that sales surged this winter. Existing sales rose to an adjusted annual rate of 6.5 million – an increase of 6.7% from prior months, with sales up in all regions. However, there’s one big challenge.
Inventory Is at an All-Time Low!
Because buyer demand is so high, the market is running out of homes for sale. New listings coming on the market have decreased over the last 4 years, and carry-over inventory has plummeted. Listings are sold so quickly, they don’t stay on the market long enough to carry over month-to-month. The NAR report reveals that 79% of homes sold in 2022 have been on the market for less than a month.
What Does This Mean for Sellers?
Don't wait! A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly the situation in the real estate market today. Later this year, inventory and competition will increase as many homeowners are waiting to put their homes on the market in the spring/summer. This gives you a great opportunity right now. Don’t wait for that increase in competition. If you want to sell and are ready to start the process, today is the day to list your house.
