Key Takeaways:
- Historic buyer demand and housing inventory lows continue to influence the market
- Experts predict listing in early spring will bring the maximum return on your home’s value.
- Don’t wait—contact the experts at Linda Craft and Team to list now!
Almost every industry is struggling with supply chain disruptions, and the current U.S. housing market where buyer demand exceeds housing supply is no exception. However, with nearly 90% of homeowners reporting a positive outlook on homeownership as a good investment, the market will continue to be robust and favor sellers for the foreseeable future.
Home inventory is at an all time low
Because purchaser demand and housing inventory are both at historic points, the market is struggling to produce enough available housing after failing to adequately build and replenish the supply to meet future demand for decades. In addition to new listings decreasing across the market, the current rise in mortgage rates is motivating buyers and sellers to get the most value for their dollar while they still can.
This makes matters quite simple for existing homeowners: the market favors a sale sooner rather than later.
According to the recent S&P CoreLogic Case-Shiller Index, national home prices gained 18.8% for 2021, far outpacing even red-hot inflation numbers. So for owners who have been wondering about whether to sell, it might just be time to act before it’s too late.
In fact, Realtor.com has a concrete suggestion about when to list your home: the week of April 10-16, just ahead of the typical spring sales surge in listings that occurs in May. Capitalizing on a large buyer audience who haven’t been satisfied with the market’s available homes for sale is an advantage that many current homeowners enjoy, possibly without even being aware of it.
Right now is the time to sell your home at a premium
If you’re thinking of putting your home on the market, you shouldn’t wait. Sellers always negotiate the best deal when demand is high and supply is limited. That’s precisely the situation many homeowners find themselves in within today’s real estate market.
All signs suggest that later this year, inventory (and by extension, your competition) will increase as many homeowners delay putting their homes on the market as they take a wait-and-see approach.
And as newly built homes are completed, they will also become new competition for your home. You have a tremendous opportunity right now, so don’t wait for that increase in competition in your area!
If you want to sell in 2022 and are ready to start the process, today is the day to list your house.
List Your Home Today
With so much on the line, you need a team that knows how to move with the pace of the market to maximize your return on your home. Linda Craft & Team are the Raleigh real estate leaders, and we’re here to help you win. We give home sellers a unique edge with our experience and programs. Contact Linda Craft & Team today at 919.235.0007 to list your home now!