Wondering if it’s the right moment to sell your house? Here’s the scoop: While the number of homes for sale has been increasing this year, the truth is, there still aren’t enough homes on the market to satisfy all the eager buyers.

So, what does this mean for you? Let’s break it down: It’s still a seller’s market, plain and simple. Here’s the lowdown:

• Neutral Market: Imagine a perfect balance between supply and demand. That’s a neutral market. In this scenario, there are just enough homes available to meet the current pace of buyer demand, and home prices tend to stay steady.
• Buyer’s Market: This happens when there are more homes for sale than there are buyers. When this occurs, buyers hold more negotiation power because sellers are willing to make concessions to close the deal. In a buyer’s market, sellers might need to lower prices to spark interest in their home, potentially driving prices down. But honestly, we haven’t seen this in years because there are so few homes up for grabs.
• Seller’s Market: This is where we are now. When the supply of homes for sale is as tight as it is currently, it becomes tough for buyers to find their dream home. This fierce competition among buyers often leads to bidding wars. And when buyers anticipate a bidding war, they come prepared with attractive offers from the get-go. This could mean an upward push on the final sale price of your house.

So, if you’ve been contemplating selling, now might just be your golden opportunity. The market is hot, buyers are eager, and your perfect buyer could be just around the corner. Ready to make a move? Contact me today! 954-895-4991.