Top Questions About Selling Your Home This Winter

There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to\[sell your house](https://www.simplifyingthemarket.com/2022/10/13/perspective-matters-when-selling-your-house-today/?a=713258-9a8342bcf821027012880bf1d7cccbf7). Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. #### 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory growth into perspective. Using\[data](https://www.nar.realtor/topics/existing-home-sales) from the _National Association of Realtors_ (NAR), it shows just how far off we are from flipping to a buyers’ market: [](https://files.simplifyingthemarket.com/wp-content/uploads/2022/11/15091910/as-supply-grows-its-still-a-sellers-market-MEM.png?a=713258-9a8342bcf821027012880bf1d7cccbf7) While buyers have regained some\[negotiation power](https://www.simplifyingthemarket.com/2022/09/15/buyers-are-regaining-some-of-their-negotiation-power-in-todays-housing-market/?a=713258-9a8342bcf821027012880bf1d7cccbf7) as inventory has grown, you haven’t missed your window to sell. Your house could still stand out since inventory is low, especially if you list now while\[other sellers](https://www.simplifyingthemarket.com/2022/11/02/sell-your-house-before-the-holidays/?a=713258-9a8342bcf821027012880bf1d7cccbf7) hold off until after the holiday rush and the start of the new year. #### 2. Are Buyers Still Out There? If you’re thinking of selling your house but are hesitant because you’re worried buyer demand has disappeared in the face of higher mortgage rates, know that isn’t the case for everyone. While demand has eased this year,\[millennials](https://www.simplifyingthemarket.com/2022/10/27/millennials-are-still-a-driving-force-of-todays-buyer-demand/?a=713258-9a8342bcf821027012880bf1d7cccbf7) are still looking for homes. As an article in _Forbes_ \[explains](https://www.forbes.com/sites/forbesbusinesscouncil/2022/05/25/the-power-to-drive-change-how-millennials-are-affecting-the-housing-market/?sh=6d09dd06716c): > ###### _“At about 80 million strong, millennials currently make up the largest share of homebuyers (43%) in the U.S., according to a recent National Association of Realtors (NAR) report. Simply due to their numbers and eagerness to become homeowners, this cohort is quite literally shaping the next frontier of the homebuying process. Once known as the ‘rent generation,’ millennials have proven to be savvy buyers who are quite nimble in their quest to own real estate. In fact, I don’t think it’s a stretch to say they are the key to the overall health and stability of the current housing industry.”_ While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. \[Millennials](https://www.simplifyingthemarket.com/2022/11/03/do-you-believe-homeownership-is-out-of-reach-maybe-it-doesnt-have-to-be/?a=713258-9a8342bcf821027012880bf1d7cccbf7), the largest generation, are actually a significant driving force for buyer demand in the housing market today. If you’re wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. #### 3. Can I Afford To Buy My Next Home? If current market conditions have you worried about how you’ll afford your next move, consider this: you may have more\[equity](https://www.simplifyingthemarket.com/2022/11/04/homeownership-wins-over-time-infographic/?a=713258-9a8342bcf821027012880bf1d7cccbf7) in your current home than you realize. Homeowners have gained\[significant equity](https://www.simplifyingthemarket.com/2022/09/20/watching-the-stock-market-check-the-value-of-your-home-for-good-news/?a=713258-9a8342bcf821027012880bf1d7cccbf7) over the past few years and that equity can make a big difference in the\[affordability](https://www.simplifyingthemarket.com/2022/11/07/key-factors-affecting-home-affordability-today/?a=713258-9a8342bcf821027012880bf1d7cccbf7) equation, especially with mortgage rates higher now than they were last year. \[According](https://blog.firstam.com/economics/whats-the-outlook-for-housing-market-potential-for-the-rest-of-2022) to Mark Fleming, Chief Economist at _First American_: > ###### _“. . . homeowners, in aggregate, have historically high levels of home equity. For some of those equity-rich homeowners, that means moving and taking on a higher mortgage rate isn’t a huge deal—especially if they are moving to a more affordable city.”_ ### Bottom Line If you’re thinking about selling your house this season, let’s connect so you have the expert insights you need to make the best possible move today. Posted by [Ryan Drowne](https://www.thedavidgreengroup.com/blog/author/ryandrowne/) on November 16th, 2022 Enjoy this blog post? Click here to subscribe for updates [Facebook Share this post on Facebook](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20221116top-questions-about-selling-your-home-this-wintera713258-9a.html# "Share this post on Facebook") Twitter Tweet this post on Twitter [Email Send a link to post via Email](mailto:?subject=Top%20Questions%20About%20Selling%20Your%20Home%20This%20Winter&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%2Fhttpswwwsimplifyingthemarketcomen20221116top-questions-about-selling-your-home-this-wintera713258-9a.html "Send a link to post via Email")[](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20221116top-questions-about-selling-your-home-this-wintera713258-9a/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 DG  David Green AS  Alexandra Salmon Ask us anything – we’ll get back to you here or by email. [We run on Chatra](https://chatra.com/?utm_source=logo_f&utm_campaign=US_www.thedavidgreengroup.com&utm_medium=selfie_en_get) 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/)