Oriana Suarez May 15, 2024
Sellers
The number of homes for sale plays a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.
But the supply of homes for sale is growing. According to the latest data from Realtor.com, new listings (homeowners who just put their house up for sale) are trending up (see graph below):
This graph shows more homeowners are putting that sale sign up in their yards compared to the same time last year. As Realtor.com says:
“. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.”
If you’ve been putting off selling your house, maybe it’s time to start thinking about it again – before your neighbors do. While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours.
For example, if your neighbor gets in on the action and lists their house too, it means you’ll have competition right next door. You don’t want buyers to tour your house and fall in love with someone else’s. You want yours to be in the spotlight.
A great agent can make that happen. They’ll help you get your house ready to list, draw attention to everything today’s buyers are looking for, and help you price it right. That way buyers are drawn to your listing and eager to make it their home.
If you’re ready and able to sell now, here’s your chance to get the best of both worlds. Since the supply of homes for sale is growing, you’ll have more options for your move. But you’ll also be able to sell while your house will still stand out.
Now is the time to act if you've been considering selling your home. With inventory levels on the rise, seizing the opportunity to list your property can set you up for success in a competitive market. Don't wait for more competition to emerge in your neighborhood. By partnering with a trusted real estate agent, you can navigate the changing market dynamics with confidence.
At Florostone Realty, we specialize in helping homeowners like you make the most of their selling opportunities. Our experienced team offers personalized guidance, from preparing your home for listing to pricing it competitively and attracting motivated buyers in New Jersey. Plus, take advantage of our free consultation to discuss your goals and explore how we can assist you in achieving them. Don't miss out on the chance to maximize your home's potential in today's growing housing market. Contact us today to get started!
Stay up to date on the latest real estate trends.
September 1, 2024
This blog offers practical advice on how to find a great local agent, including tips on checking their reputation, ensuring they have local market expertise, evaluatin… Read more
August 30, 2024
As the real estate landscape undergoes significant changes in 2024, it's crucial for professionals to stay informed and prepared.
August 16, 2024
Key considerations include the suitability of your property for rental, your readiness to manage tenants, and the costs associated with being a landlord. Explore these… Read more
August 2, 2024
In today's housing market, newly built homes may offer more budget-friendly options than many buyers expect. Contrary to common belief, the median sales price for newl… Read more
July 26, 2024
Starting August 17, 2024, MLS Participants must have a written agreement with buyers before home tours. This guide covers mandatory provisions and additional considera… Read more
July 15, 2024
Over the past year, homeowners have seen significant equity gains due to rising home prices. According to CoreLogic, the average homeowner's equity has increased by $2… Read more
July 1, 2024
Curious how the 2024 Presidential election might affect your home buying or selling plans? Discover the historical trends that show why the housing market remains resi… Read more
June 29, 2024
Help your clients make informed remodeling decisions with insights from Fixr's latest report. Discover the top home improvements for maximum ROI and current design tre… Read more
June 15, 2024
Discover how a real estate agent’s expertise can simplify these tasks, avoid common pitfalls, and help you achieve a successful sale. Read the full blog to understand … Read more
We strive to become your go-to Real Estate Advisors. Book a free consultation today and let’s get started with a buying or selling plan for your home customized to your unique timeline.