{"id":4607,"date":"2024-02-27T11:30:00","date_gmt":"2024-02-27T11:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2024\/02\/27\/why-todays-housing-supply-is-a-sweet-spot-for-sellers\/"},"modified":"2024-02-27T11:30:00","modified_gmt":"2024-02-27T11:30:00","slug":"why-todays-housing-supply-is-a-sweet-spot-for-sellers","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2024\/02\/27\/why-todays-housing-supply-is-a-sweet-spot-for-sellers\/","title":{"rendered":"Why Today\u2019s Housing Supply Is a Sweet Spot for Sellers"},"content":{"rendered":"\n
\"Why\n

Wondering if it still makes sense to\u00a0sell your house\u00a0<\/a>right now? The short answer is, yes. And if you look at the current number of homes for sale, you\u2019ll see two reasons why.<\/p>\n

An article from Calculated Risk<\/em><\/a> shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now:<\/span><\/p>\n

\"a<\/a><\/p>\n\n

Here\u2019s a breakdown of how this benefits you when you sell. <\/strong><\/p>\n

1. You Have More Options for Your Move<\/strong><\/h4>\n

Are you thinking about selling<\/a> because your current house is too big, too small, or because your needs have changed? If so, the year-over-year growth gives you more options for your home search. That means it may be less of a challenge to find what you\u2019re looking for.<\/p>\n

So, if you were holding off on selling because you were worried you weren\u2019t going to find a home<\/a> you like, this may be just the good news you needed. Partnering with a local real estate professional<\/a> can help you make sure you\u2019re up to date on the homes available<\/a> in your area. <\/p>\n

2. You Still Won\u2019t Have Much Competition When You Sell<\/strong><\/h4>\n

But to put that into perspective, even though there are more homes for sale now<\/a>, there still aren\u2019t as many as there\u2019d be in a normal year. Remember, the data<\/a> from Calculated Risk<\/em> shows we\u2019re down nearly 40% compared to 2019. And that large a deficit won\u2019t be solved overnight. As a recent article from Realtor.com<\/em> explains<\/a>:<\/p>\n

\u201c. . . the number of homes for sale and new listing activity continues to improve compared to last year. <\/em>However the inventory of homes for sale still has a long journey back to pre-pandemic levels.\u201d<\/em><\/strong><\/p><\/blockquote>\n

For you, that means if you work with an agent to price your house right, it should still get a lot of attention from eager buyers<\/a> and could sell fast<\/a>.<\/p>\n

Bottom Line<\/h3>\n

If you\u2019re a homeowner looking to sell, now\u2019s a good time. You\u2019ll have more options when buying your next home, and there\u2019s still not a ton of competition from other sellers. If you\u2019re ready to move, talk to a local real estate agent to get the ball rolling.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"

Wondering if it still makes sense to\u00a0sell your house\u00a0right now? The short answer is, yes. And if you look at the current number of homes for sale, you\u2019ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells […]<\/p>\n","protected":false},"author":1,"featured_media":4608,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-4607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t