Why 2021 Is Still The Year to Sell Your House
Posted by Dan Kennedy on
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand. According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers market because housing supply is well below a balanced norm (shown in the graph).
Clearly, the scales are tipped in a seller’s favor today. But while housing supply is undeniably low, the right side of the graph shows how the inventory situation is improving little by little each month as more sellers list their homes for sale. As a seller, that means each month, buyers have more options to pick from. By extension, that…
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A lot of people are feeling like it's not possible for them to buy a house right now. When there are 10-20 offers on virtually every single listing in the marketplace, it's pretty natural to start feeling that way. Well, the good news is that THIS IS BEGINNING TO CHANGE! Market inventory in Utah has approximately doubled since January/February. The bidding wars have cooled down as the levels of supply and demand have come back into a slightly more natural balance. Don't get me wrong, it's still very much a seller's market. But the opportunities for a buyer to get their hands on a purchase right now are far higher than they have been over these insane past six to eight months. For example, of these four houses I've listed for sale in the past three weeks…
Just listed is this fantastic home in Payson. Quiet and tucked away in Saddlebrook. The back patio is fully covered and a great shady area to escape the heat or have a BBQ. The RV parking and RV clean out are sure to be appreciated by the new buyer. Priced right for a quick sale.
