Spring Guides / Why Today’s Seller’s Market Is Good for Your Bottom Line

Mar 16, 2024 8:00 am

Why Today’s Seller’s Market Is Good for Your Bottom Line


                                                
 

Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.

So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works:

  • neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.
  • buyer’s market is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer’s market, sellers may have to do price cuts to re-ignite interest in their home, and prices may go down. But we haven’t seen this for years since there are so few homes available to buy.
  • In a seller’s market, it’s just the opposite. When the supply of homes 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 sale price of your house up.

The graph below uses data from the National Association of Realtors to show just how deep into seller’s market territory we still are today:

 a screenshot of a chart

 

What Does This Mean for You?

The market is still working in your favor. If you lean on an agent for advice on how to get your house list ready and how to price it competitively, it should get a lot of attention from eager buyers. That means you’ll likely get multiple offers and see your house sell quickly and for top dollar. As a recent article from Ramsey Solutions explains:

A seller’s market is when demand for homes is higher than the supply of homes. And that’s still the case right now. If you’re planning to sell your house, you can expect to sell it fairly quickly for close to your asking price—as long as your asking price is realistic for the current market.”

Bottom Line

Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.

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As you know, I’m a Licensed Real Estate Agent. However, I work a little differently than other agents. Most agents typically serve only one market. I can help you buy or sell a home anywhere in the U.S.! 

Don't get stuck with the wrong agent.

As a Relocation Specialist with Realty Connect, I belong to an nationwide network of over 25,000 top-rated agents serving every zip code in all 50 states. Instead of helping you buy or sell a home personally, I help match my clients with up to 3 great agents who specialize in your market. The best part? This is a 100% FREE service, so there is no cost, pressure or obligation! With my experience and connections, I can quickly help you find the perfect agent better than what most people are able to do on their own.

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Why Today’s Seller’s Market Is Good for Your Bottom Line
Thinking about selling your house and wondering if now’s a good time to do it?
This video will sum it up for you!(Click here or above graphic to see video)
Want to chat or write?
Call/Text; 757-876-7443, Email: chris@realestatewithmrg.com

The Latest Trends in Housing [INFOGRAPHIC]


                                                                                
 

a close up of a chart

Some Highlights

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Spring 2024 Buyer and Seller Guides are now available!
Receive a FREE copy of the Spring 2024 Buying and Selling Guides by clicking the link below: 
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Listen to all episodes of "Real Estate with Mr. G" as a podcast at: Real Estate with Mr. G Podcasts
Real Estate with Mr. G Podcasts
"Real Estate with Mr, G" Video Podcast. Saturdays at 7 pm at https://www.facebook.com/realestatewithmrg

Why Today’s Seller’s Market Is Good for Your Bottom Line
On the 3/16/23 video podcast of “Real Estate with Mr. G’, we will discuss - Why Today’s Seller’s Market Is Good for Your Bottom Line.
Topics include: A Neutral Market, A Buyer’s Market, A Seller’s Market, and MUCH, MUCH MORE!
Wonderful episode for sellers who are wondering if they should list their homes now!
#SellersMarket #Homesellers #SellersMarket2024 #HousingSupply #HousingInventory #RealEstatewithMrG

See you at 7 pm
As you know, I’m a Licensed Real Estate Agent. However, I work a little differently than other agents. Most agents typically serve only 1 market. I can help you buy or sell a home anywhere in the US!

As a Relocation Specialist with Realty Connect, I belong to an exclusive (nationwide) network of over 25,000 top-rated agents serving EVERY zip code in ALL 50 states. Instead of helping you buy or sell a home personally, I will help match you with up to 3 great agents that specialize in your market.

The best part? This is a 100% FREE service, so there is NO cost, pressure or obligation! With my experience and connections, I can help you find the PERFECT agent better than what most people are able to do on their own.
Ready to get started? Great! Please tell me a little more about your real estate goals by completing my referral request form. I look forward to helping you find a great agent! https://realtyconnect.pro/christopher-garguilo

Please feel free to contact me anytime with your Real Estate needs.  

Christopher Garguilo, Broker Associate, Licensed Referral Specialist
Realty Connect LLC
Scotland Square
Hampton, VA 23669
757-876-7443 / chris@realestatewithmrg.com

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