{"id":1784,"date":"2021-06-16T16:15:40","date_gmt":"2021-06-16T16:15:40","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1784"},"modified":"2021-06-16T16:15:40","modified_gmt":"2021-06-16T16:15:40","slug":"dont-wait-sell-house","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/dont-wait-sell-house\/","title":{"rendered":"Don\u2019t Wait To Sell Your House"},"content":{"rendered":"
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Don\u2019t Wait To Sell Your House<\/p><\/div>\n

We\u2019re in the ultimate sellers\u2019 market right now. If you\u2019re a homeowner thinking about selling, you have a huge advantage in today\u2019s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here\u2019s an overview of what\u2019s creating the prime opportunity to sell this summer.<\/p>\n

High Buyer Demand<\/strong><\/h4>\n

Demand is strong, and buyers are actively searching for homes to purchase. In the\u00a0Realtors Confidence Index Survey<\/a>\u00a0published monthly by the\u00a0National Association of Realtors\u00a0<\/em>(NAR), buyer traffic is considered \u201cvery strong\u201d in almost every state. Homebuyers aren\u2019t just great in number right now \u2013 they\u2019re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer\u2019s sellers.<\/p>\n

Low Inventory of Houses for Sale<\/strong><\/h4>\n

Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale,\u00a0Chief Economist\u00a0<\/em>at\u00a0realtor.com<\/em>,\u00a0explains<\/a>:<\/p>\n

\u201cFor most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price\u2026 They\u2019ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.\u201d<\/em><\/p><\/blockquote>\n

NAR also\u00a0reveals<\/a>\u00a0that unsold inventory sits at a 2.4-months\u2019 supply at the current sales pace. This is far lower than the historical norm of a 6.0-months\u2019 supply. Homes are essentially selling as fast as they\u2019re hitting the market. Below is a graph of the\u00a0existing inventory<\/a>\u00a0of single-family homes for sale:<\/p>\n

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Inventory Levels: Single-Family Homes<\/p><\/div>\n

At the same time, homebuilders are increasing construction this year, but they can\u2019t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the\u00a0U.S. Census Bureau\u00a0<\/em>notes<\/a>:<\/p>\n

\u201cThe seasonally\u2010adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.\u201d<\/em><\/p><\/blockquote>\n

What Does This Mean for You?<\/strong>\u00a0<\/strong><\/h4>\n

If you\u2019re thinking of putting your house on the market, don\u2019t wait.\u00a0A seller will always negotiate the best deal when demand is high and supply is low.\u00a0That\u2019s exactly what\u2019s happening in the real estate market today.<\/p>\n

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

As vaccine rollouts progress and we continue to see the economy recover,\u00a0more houses<\/a>\u00a0will come to the market. Don\u2019t wait for the competition in your neighborhood to increase. If you\u2019re ready to make a move, now is the time to sell. Let\u2019s connect today to get your house listed at this optimal moment in time.<\/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":"

Whatever the move you want to make looks like, here\u2019s an overview of what\u2019s creating the prime opportunity to sell this summer. Finish Reading Don\u2019t Wait To Sell Your House<\/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":[38,15,10,18,329,27,86,52,9,49,42,40,63,28,326,197,54,253,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1784"}],"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=1784"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1784\/revisions"}],"predecessor-version":[{"id":1787,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1784\/revisions\/1787"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}