There\u2019s no denying the housing market is\u00a0undergoing a shift\u00a0this season as buyer demand slows and the number of homes for sale grows. But\u00a0that shift actually gives you some unique benefits when you sell. Here\u2019s a look at\u00a0the key opportunities you have if you list your house this fall.<\/p>\n\n\n\n
One of the biggest stories today is the growing supply of homes for sale.\u00a0Housing inventory\u00a0has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.<\/p>\n\n\n\n
If you\u2019re selling your house to make a move, it means you\u2019ll have\u00a0more options\u00a0for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you\u2019ve put off selling because you were worried about being able to find\u00a0somewhere to go, know your options have improved.<\/p>\n\n\n\n
Just remember, while data shows the number of homes for sale has increased this year, housing supply is still firmly in sellers\u2019 market territory. <\/strong>To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months\u2019 supply of homes. According to the latest report<\/a> from the National Association of Realtors<\/em> (NAR), in July, there was only a 3.3 months\u2019 supply.<\/p>\n\n\n\n While you\u2019ll have more options for your own home search,\u00a0inventory\u00a0is still low, and that means your home will still be in demand if you\u00a0price it right.\u00a0That\u2019s why the\u00a0most recent data<\/a>\u00a0from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.<\/p>\n\n\n\nOpportunity No. 3: Your Equity Has Grown by Record Amounts<\/strong><\/h4>\n\n\n\n