{"id":1698,"date":"2021-05-10T14:53:07","date_gmt":"2021-05-10T14:53:07","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1698"},"modified":"2021-05-10T14:53:07","modified_gmt":"2021-05-10T14:53:07","slug":"3-graphs-showing-sell-house-now","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/3-graphs-showing-sell-house-now\/","title":{"rendered":"3 Graphs Showing Why You Should Sell Your House Now"},"content":{"rendered":"
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3 Graphs Showing Why You Should Sell Your House Now<\/p><\/div>\n

There\u2019s no doubt that 2021 is the year of the seller when it comes to the housing market. If you\u2019re a homeowner thinking of\u00a0moving<\/a>\u00a0to better suit your changing needs, now is the perfect time to do so. Low\u00a0mortgage rates<\/a>\u00a0are in your favor when you\u2019re ready to purchase your dream home, and high buyer demand may give you the\u00a0leverage<\/a>\u00a0you need to negotiate the best contract terms on the sale of your house. Here\u2019s a look at what\u2019s driving this sellers\u2019 advantage and why there\u2019s so much opportunity for homeowners who are ready to move this season.<\/p>\n

1. Historically Low Inventory<\/strong><\/h4>\n

The\u00a0National Association of Realtors<\/em>\u00a0(NAR)\u00a0explains<\/a>:<\/p>\n

\u00a0\u201cTotal housing inventory at the end of March amounted to 1.07 million units<\/em><\/strong>, up 3.9% from February\u2019s inventory . . .\u00a0Unsold inventory sits at a 2.1-month supply<\/strong>\u00a0at the current sales pace<\/strong>, marginally up from February\u2019s 2.0-month supply and down from the 3.3-month supply recorded in March 2020<\/em>.\u201d<\/p><\/blockquote>\n

Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low (See graph below<\/em>):<\/p>\n

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Months Inventory of Homes for Sale from 2011 – Today<\/p><\/div>\n

High buyer interest is creating a major imbalance between supply and demand, but as the small uptick in inventory shows, sellers are beginning to reenter the market. Selling your house now enables you to take advantage of buyer demand and get the most attention for your house \u2013 before more listings come to the market later this year.<\/p>\n

2. Frequent Bidding Wars<\/strong><\/h4>\n

As a result of the supply and demand imbalance, homebuyers are entering bidding wars at an accelerating rate. NAR\u00a0reports<\/a>\u00a0the average number of bids received on the most recently closed sales is 4.8 offers.\u00a0<\/strong>This number has doubled since the first quarter of 2020 (See graph below<\/em>):<\/p>\n

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Average Number of Offers Received on the Most Recent Closed Sale<\/p><\/div>\n

As buyers face increasingly tough competition while searching for homes to purchase, they\u2019re more likely to be flexible and generous in their negotiations. This gives a seller the opportunity to choose the best buyer for their needs and be selective about things like time to close, contingencies, renovations, and more. Working with your trusted agent is the best way to determine how to navigate the negotiation process when selling your house.<\/p>\n

3. Days on the Market<\/strong><\/h4>\n

In today\u2019s market, sellers aren\u2019t waiting very long to find a buyer for their house, either. NAR\u00a0reports<\/a>:<\/p>\n

\u201cProperties typically remained on the market for 18 days in March<\/em><\/strong>, down from 20 days in February and from 29 days in March 2020. 83% of the homes sold in March 2021 were on the market for less than a month.\u201d<\/em>\u00a0(See<\/em>\u00a0graph below<\/em>):<\/p><\/blockquote>\n

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Average Days on the Market<\/p><\/div>\n

NAR\u00a0Chief Economist\u00a0<\/em>Lawrence Yun explains:<\/p>\n

\u201cThe sales for March would have been measurably higher, had there been more inventory\u2026Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re thinking about moving, these three graphs clearly show that it\u2019s a great time to sell your\u00a0house<\/a>. Let\u2019s connect today so you can learn more about the opportunities in our local area<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

There\u2019s no doubt that 2021 is the year of the seller when it comes to the housing market. Finish Reading 3 Graphs Showing Why You Should Sell Your House Now<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[15,10,18,329,27,25,9,42,23,40,63,20,12,48,13,28,197,54,253,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1698"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1698"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1698\/revisions"}],"predecessor-version":[{"id":1703,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1698\/revisions\/1703"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}