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    What It Means To Be in a Sellers’ Market

    If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move with Ryan Dallas Real Estate. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

    The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.

    What It Means To Be in a Sellers’ Market | MyKCM

    Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (See graph above).

    When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

    As this happens, home prices rise and sellers are in the best position to negotiate deals with our real estate professionals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

    Today, there are many buyers who are ready, willing, and able to purchase a home. Our team has an abundance of buyers ready to put in an offer on a home that fits their needs. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action with RDRE. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house in today’s current conditions.

    If you’ve been considering selling, call our office today. Our experienced real estate agents will guide you through the home selling process and make sure you’re getting the absolute best price for your home. Don’t miss out on the opportunity to sell your home for top dollar in this hot market!

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