Why the Growing Number of Homes for Sale is a Good Thing

Although inventory continues to hover at historic lows, the latest data from realtor.com shows the number of homes being listed for sale has increased consistently this year.

While this news has clear benefits for buyers who are craving more options for their home search, what does it mean for current homeowners?

Fo those considering selling, growing inventory presents two distinct opportunities.

Opportunity No. 1: More Options for Your Move

If your current house no longer meets your needs or lacks the space and features you want, this gives you even more opportunity to sell and move into a home more fitting to your lifestyle needs. As more options come to market, you’ll have more to choose from when you search for your next home.

Opportunity No. 2: Sell Before You Have More Competition

In order to make sure your house shines above the rest, it may make sense to put your home up for sale before your neighbors do the same, creating more competition in your area. The increase in the number of homes being listed for sale is expected to continue, and a recent study from realtor.com says two-thirds of homeowners looking to sell say they’ll do so by August. You can capitalize on today’s sellers’ market and get ahead of the competition.

If you’re a current homeowner looking to sell, let’s connect to begin the process. Sellers have a unique opportunity to benefit from the additional homes being listed today and sell before competition rises.