The Big Advantage If You Sell This Spring

Thinking about selling your house? If you’ve been waiting for the [right time](https://www.simplifyingthemarket.com/2023/04/10/homebuyer-activity-shows-signs-of-warming-up-for-spring/), it could be now while the supply of homes for sale is so low. _HousingWire_ [shares](https://news.move.com/2023-03-30-Realtor-com-R-March-Housing-Report-Spring-Thaw-Lures-Buyers-Back-into-the-Housing-Market): ###### _“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”_ The _National Association of Realtors_ (NAR) [confirms](https://www.nar.realtor/newsroom/existing-home-sales-surged-14-5-in-february-ending-12-month-streak-of-declines) today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers’ market. And today, the number is much lower: ###### _“Total housing inventory registered at the end of February was 980,000 units, identical to January and up 15.3% from one year ago (850,000)._ _Unsold inventory sits at a 2.6-month supply at the current sales pace__, down 10.3% from January but up from 1.7 months in February 2022.”_ #### Why Does Low Inventory Make It a Good Time To Sell? The less inventory there is on the market when you [sell](https://www.simplifyingthemarket.com/2023/04/04/two-reasons-you-should-sell-your-house/), the less competition you’re likely to face from other sellers. That means your house will get more attention from the buyers looking for a home this spring. And since there are significantly more buyers in the market than there are homes for sale, you could even receive more than one offer on your house. [Multiple offers](https://cdn.nar.realtor/sites/default/files/documents/2023-02-realtors-confidence-index-03-21-2023.pdf) are on the rise again (_see graph below_): [](https://files.keepingcurrentmatters.com/content/images/20230410/20230411-average-number-of-offers-received-on-the-most-recent-closed-sale-MEM.png) If you get more than one offer on your house, it becomes a bidding war between buyers – and that means you have greater leverage to sell on your terms. But if you want to maximize the opportunity for a bidding war to spark, be sure to lean on your expert real estate advisor. While we’re still in a strong [sellers’ market](https://www.simplifyingthemarket.com/2023/03/30/were-in-a-sellers-market-what-does-that-mean/), it isn’t the frenzy we saw a couple of years ago, and today’s buyers are focused on the houses with the greatest appeal. Clare Trapasso, Executive News Editor at _Realtor.com_, [explains](https://news.move.com/2023-03-30-Realtor-com-R-March-Housing-Report-Spring-Thaw-Lures-Buyers-Back-into-the-Housing-Market): ###### _"Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country. So,_ _this spring, it's especially important for sellers to make their homes as attractive as possible to appeal to as many buyers as possible__.”_ ### Bottom Line If you’ve been waiting for the right time to sell your house, low inventory this spring sets you up with a big advantage. Let’s connect today to make sure your house is ready to sell. Posted by [Ryan Drowne](https://www.thedavidgreengroup.com/blog/author/ryandrowne/) on April 12th, 2023 Enjoy this blog post? Click here to subscribe for updates [Facebook Share this post on Facebook](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230411the-big-advantage-if-you-sell-this-springa713258-9a8342bcf8.html# "Share this post on Facebook") Twitter Tweet this post on Twitter [Email Send a link to post via Email](mailto:?subject=The%20Big%20Advantage%20If%20You%20Sell%20This%20Spring&body=I%20was%20looking%20at%20https%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2F%20and%20I%20thought%20you%20would%20like%20to%20look%20at%20this%20blog%20entry%3A%0D%0Ahttps%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2Fhttpswwwsimplifyingthemarketcomen20230411the-big-advantage-if-you-sell-this-springa713258-9a8342bcf8.html "Send a link to post via Email")[](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230411the-big-advantage-if-you-sell-this-springa713258-9a8342bcf8/print.html "Opens new window with print ready page") ### Leave A Comment Leave text box empty Full Name\- required Email Address\- required Website Link e.g. yourwebsitename.com Comment\- required Submit Comment Please note that your email address is kept private upon posting. Message us ··· Chatra reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/)