In today’s local housing market, the number of homes for sale is still much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season with Ryan Dallas Real Estate.
1. Higher Prices
With so many more buyers in the market than homes available for sale, homebuyers have had to be a bit more competitive for the houses they want to purchase. This competition has led to strong home prices in our area compared to this time last year. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal.
2. Greater Return on Your Investment
Rising prices mean homes are also gaining value, which increases the equity you have in your home. In the latest Homeowner Equity Insights Report, CoreLogic explains:
“In the second quarter of 2021, the average homeowner gained approximately $51,500 in equity during the past year.”
This year-over-year growth in equity gives you the ability to sell your house and then put that money toward a down payment on your next home or to keep it as extra savings.
3. Better Terms
In a sellers’ market like we have today, you’re in the driver’s seat if you make a move with our team. You have the power to sell on your terms, and buyers are more likely to work with you if it means they can finally land their dream home. Your trusted RDRE agent will help you navigate your best options that align with your real estate goals.
So, is low housing inventory a big deal?
Yes, especially if you want to sell on your terms. Moving now while inventory is so low is key to maximizing your opportunities.
If you’re interested in taking advantage of the current sellers’ market, connect with our team today to determine your best move.