WAXHAW, NC – In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further.
Does this mean houses aren’t being put on the market for sale?
Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster than they’re being counted as current inventory. It’s like when everyone was trying to find toilet paper to buy last Spring and it was flying off the shelves faster than it could be stocked in the stores. That’s what’s happening in the housing market: homes are being listed for sale, but the numbers can’t keep up with demand.
The Good News for Homeowners
The health crisis has been a major reason why potential sellers have held off this long, but as vaccines become more widely available, homeowners will start making moves.
With more homeowners planning to sell later this year, listing your home sooner rather than later is the best way to make sure your listing shines brighter than the rest.
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Let’s connect to discuss how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.
Thinking of selling your house or purchasing a home? Schedule a professional consultation with Jimmy Grappone via email to Jimmy@CostelloREI.com and get the process started today. Get your automated home valuation at Bit.ly/CLTHomeValue.
Check out Parkbench.com/Waxhaw and support your local businesses!