The housing market is currently influenced by a low number of available homes for sale. If you’re thinking about listing your property, this limited inventory offers a significant advantage. Homes are more noticeable to potential buyers when there are fewer listings, particularly when they're priced appropriately.

Recent data from Realtor.com shows that the number of new listings—homes just put on the market—is increasing (see the accompanying graph). This suggests more homeowners are opting to sell compared to last year. March saw a 15.5% increase in new listings over the previous year, ending 17 months of fewer homes hitting the market.

What This Means for You

If you've delayed selling your home, now might be the time to reconsider. The market hasn’t been flooded with listings yet, which means listing now could still attract significant buyer interest. For instance, if a neighbor lists their home for sale, potential buyers might be drawn there instead of yours. It’s essential to ensure your home is the one that stands out.

A skilled real estate agent can be invaluable in this process. They can help prepare your home for sale, spotlight its most appealing features to today's buyers, and set a competitive price. This preparation can make your home more attractive and encourage buyers to act quickly.

Your Opportunity

By selling now, you can benefit from both an increase in your options for moving and maintaining interest in your listed home.

With inventory still below average, it’s wise not to wait until more homes are available in your area. Engaging with a professional from the McGuire Team can help you navigate the process smoothly and take advantage of the current market conditions before they change. Discussing the benefits of selling now, before more listings emerge, could be a strategic move.