The Answer is Yes!

If you’re contemplating whether it’s the sweet spot moment to sell your house, the short answer is a resounding yes. To understand why, take a glance at the current housing market inventory to find two compelling reasons.

According to an insightful article by Calculated Risk, the current data reveals a notable increase of 15.6% in homes for sale compared to the same week last year. This indicates a growth in inventory. Following national trends, El Dorado County saw a 20% increase in the number of homes for sale in January.

However, when we look back to 2019, the last normal year in the housing market, a stark reality surfaces – there are still nearly 40% fewer homes available today. This striking contrast underscores the favorable conditions for sellers in the current real estate landscape.

Here’s a breakdown of how this benefits you when you sell:

More Options for Your Move

Are you thinking about selling because your current house is too big, too small, or because your needs have changed? If so, the year-over-year growth gives you more options for your home search. That means it may be less of a challenge to find what you’re looking for. If you were holding off on selling because you were worried you wouldn’t find a home you like, this may be just the good news you needed. Let’s examine the current inventory to get a feel for options available in your desired areas.

Limited Competition

Despite the increase in homes for sale, the current numbers still fall short of those in a normal year. The data from Calculated Risk reveals a nearly 40% deficit compared to 2019, and this gap won’t be bridged overnight. While the number of homes for sale is improving, it still has a long way to go to reach pre-pandemic levels. With the right pricing strategy, your house should attract considerable attention from eager buyers, potentially leading to a faster sale.

Bottom Line

If you’re a homeowner looking to sell, now’s the sweet spot. You’ll have more options when buying your next home, and there’s still not a ton of competition from other sellers. If you’re ready to move, talk to a local real estate agent to get the ball rolling.

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