top of page
Search

What You Need To Know About Selling in a Sellers’ Market

  • Pamela Punzalan
  • Apr 29, 2022
  • 2 min read

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?


What Is a Sellers’ Market?


The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.


Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory (see graph below):



What Does This Mean for You When You Sell?


When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final price of your house up.


And because mortgage rates and home prices are climbing, serious buyers are motivated to make their purchase soon, before those two things rise further. That means, if you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.


The current real estate market has incredible opportunities for homeowners looking to make a move. Listing your house this season means you’ll be in front of serious buyers who are ready to buy. Connect with a local real estate professional so you can jumpstart the selling process.

 
 
 

Comments


  • facebook
  • instagram
  • Black LinkedIn Icon
  • googlePlaces

(310) 344-1475

REALTOR® LIC# 02042968

21250 Hawthorne Blvd Suite 750, Torrance, CA 90503

1221 Hermosa Ave Suite 210, Hermosa Beach, CA 90254

©2023 by Pamela Punzalan Properties Group

Apple App Store link
Google Play link

The Web Content Accessibility Guidelines (WCAG) defines requirements for designers and developers to improve accessibility for people with disabilities. It defines three levels of conformance: Level A, Level AA, and Level AAA. Punzalan Properties Group is partially conformant with WCAG 2.1 level AA. Partially conformant means that some parts of the content do not fully conform to the accessibility standard.

bottom of page