Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

By
Real Estate Agent with Donahue Real Estate Co.

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options | MyKCM

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.

That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year (see graph below):Sellers: Your House Could Be an Oasis for Buyers Seeking More Options | MyKCMBecause of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options – and it could increase the chances of buyers entering a bidding war for your home.

The latest Realtors Confidence Index Survey from NAR shows houses are receiving an average of 3.8 offers. A multiple-offer scenario lets you select the best offer and gives you incredible leverage when you sell this fall.

Bottom Line

Buyers today are looking for relief as they wander today’s inventory desert. Listing your house this fall – before more options appear – gives your house the best chance to be noticed by multiple buyers. Let’s connect today so your house can stand out as the oasis it truly is.

Posted by

Joseph D.  Federico, Donahue Real Estate Co. Dedham, MA - Serving my clients in Dedham, Westwood, Norwood, Canton, Milton, Sharon, Walpole, Jamaica Plain, Roslindale, West Roxbury, and West Bridgewater.

Joseph D. Federico

Donahue Real Estate Co. 

15 Bryant St., Dedham MA

"Neighbors Helping Neighbors"

www.Joefed.com

joe@donahuere.com

 

 

 

 

 

Comments (3)

Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Joseph! Great observations!

According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.

Oct 19, 2021 04:36 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Joe,

Great post! Thanks

I may use a graphic or two.  OK? Bill 

Oct 19, 2021 05:09 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joseph. In the automobile industry they say there is an a$$ for every seat. Seems like it applies to real estate thees days. The difference is we refer to it as an Oasis. Sounds so much better. Enjoy your day.

Oct 19, 2021 05:40 AM