{"id":1968,"date":"2021-08-17T12:43:45","date_gmt":"2021-08-17T12:43:45","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1968"},"modified":"2021-08-17T12:43:45","modified_gmt":"2021-08-17T12:43:45","slug":"sellers-market-mean","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/sellers-market-mean\/","title":{"rendered":"What Does Being in a Sellers\u2019 Market Mean?"},"content":{"rendered":"
\"\"

What Does Being in a Sellers\u2019 Market Mean?<\/p><\/div>\n

Whether or not you\u2019ve been following the real estate industry lately, there\u2019s a good chance you\u2019ve heard we\u2019re in a serious sellers\u2019 market. But what does that really mean? And why are conditions today so good for people who want to list their house?<\/p>\n

It starts with the number of houses available for sale. The latest\u00a0Existing Home Sales Report\u00a0<\/em><\/a>from the\u00a0National Association of Realtors\u00a0<\/em>(NAR) shows housing supply is still astonishingly low.\u00a0Today, we have a 2.6-month supply<\/strong>\u00a0of homes at the current sales pace. Historically, a\u00a06-month supply is necessary for a \u2018normal\u2019 or \u2018neutral\u2019 market<\/strong>\u00a0in which there are enough homes available for active buyers\u00a0(see graph below)<\/em>:<\/p>\n

\"\"

The Impact of Inventory on Housing Prices<\/p><\/div>\n

When the\u00a0supply of houses<\/a>\u00a0for sale is as low as it is right now, it\u2019s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which leads to more bidding wars. And if buyers know they may be entering a bidding war, they\u2019re going to do\u00a0their best<\/a>\u00a0to submit a very\u00a0attractive offer<\/a>. As this happens,\u00a0home prices rise<\/a>, and\u00a0sellers<\/a>\u00a0are in the best position to negotiate deals that meet their\u00a0ideal terms.<\/p>\n

Right now, there are many buyers who are ready, willing, and able to purchase a home. Low\u00a0mortgage rates<\/a>\u00a0and the ongoing rise in remote work have prompted buyers to think differently about where they live \u2013 and they\u2019re taking action. If you put your house on\u00a0the market<\/a>\u00a0while supply is still low, it will likely get a lot of attention from competitive buyers.<\/p>\n

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

Today\u2019s ultimate sellers\u2019 market holds great opportunities for homeowners ready to make a move. Listing your house now will maximize your exposure to serious buyers who will actively compete against each other to purchase it. Let\u2019s connect to\u00a0discuss<\/a>\u00a0how to jumpstart the selling process.<\/p>\n

 <\/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 OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Whether or not you\u2019ve been following the real estate industry lately, there\u2019s a good chance you\u2019ve heard we\u2019re in a serious sellers\u2019 market. But what does that really mean? Finish Reading What Does Being in a Sellers\u2019 Market Mean?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[15,10,18,329,27,25,49,42,252,376,63,20,12,48,28,326,197,54],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1968"}],"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=1968"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1968\/revisions"}],"predecessor-version":[{"id":1971,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1968\/revisions\/1971"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}