{"id":3817,"date":"2022-03-16T09:52:08","date_gmt":"2022-03-16T16:52:08","guid":{"rendered":"https:\/\/skyrisere.com\/listings\/?p=3817"},"modified":"2022-03-16T09:52:08","modified_gmt":"2022-03-16T16:52:08","slug":"the-no-1-reason-to-sell-your-house-today","status":"publish","type":"post","link":"https:\/\/skyrisere.com\/listings\/2022\/03\/16\/the-no-1-reason-to-sell-your-house-today\/","title":{"rendered":"The No 1 Reason To Sell Your House Today"},"content":{"rendered":"

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.<\/p>\n

Purchaser demand is very strong right now. The National Association of Realtors<\/em> (NAR) just released their latest Existing Home Sales Report<\/em><\/a> which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million \u2013 an increase of 6.7% from the prior month, with sales up in all regions. However, there\u2019s one big challenge.<\/p>\n

Inventory Is at an All-Time Low<\/strong><\/h4>\n

Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states that the current months\u2019 supply of inventory of homes for sale has fallen to 1.6 months. This prompts Lawrence Yun, Chief Economist at NAR, to say:<\/p>\n

\n

\u201cThe inventory of homes on the market remains woefully depleted, and in fact is currently<\/strong> at an all-time low<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Earlier this year, realtor.com<\/em> released their inventory data<\/a> for January. It helps confirm this point. Here\u2019s a graph comparing inventory levels for January over the last six years:<\/p>\n

![VIEW GRAPH](https:\/\/files.keepingcurrentmatters.com\/wp-content\/uploads\/2022\/02\/23122845\/20220224-NM-Eng-1.png)<\/p>\n

As the graph shows, new listings coming on the market have decreased over the last four years (shown in blue in the graph<\/em>). The graph also reveals that carry-over inventory has plummeted in recent years. This is because listings are now sold so quickly, they don\u2019t stay on the market long enough to carry over month-to-month (shown in green in the graph<\/em>). In other words, homes are not staying on the market for months as they had prior to the pandemic. In the report mentioned above, NAR reveals that:<\/p>\n

\n

\u201cSeventy-nine percent of homes sold in January 2022 were on the market for less than a month<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Odeta Kushi, Deputy Chief Economist at First American<\/em>, explains<\/a> it like this:<\/p>\n

\n

\u201cA higher velocity of sales (lower [Days on Market]) helps to explain a housing market characterized by both higher sales & lower inventory. Many resale transactions are happening so quickly that they \u2018flow\u2019 in & then out of the \u2018stock\u2019 between the fixed monthly measurement of inventory.\u201d<\/em><\/p>\n<\/blockquote>\n

What Does This Mean for Sellers?<\/h2>\n

Anyone thinking of putting their home on the market shouldn\u2019t wait. A seller will always negotiate the best deal when demand is high and supply is limited. That\u2019s exactly the situation in the real estate market today.<\/p>\n

Later this year, inventory (and by extension, your competition) will increase as many homeowners are waiting to put their homes on the market in the spring and early summer.<\/p>\n

In addition, Len Kiefer, Deputy Chief Economist at Freddie Mac<\/em>, says<\/a>:<\/p>\n

\n

\u201cHousing starts start off 2022 strong, just edging out 2021 for most in January since 2006.\u201d<\/em><\/p>\n<\/blockquote>\n

As these newly built homes are completed, they will also become competition for your house. This gives you a tremendous opportunity right now. Don\u2019t wait for that increase in competition in your area.<\/strong> If you want to sell in 2022 and are ready to start the process, today is the day to list your house.<\/p>\n

Bottom Line<\/h2>\n

Reach out to Skyrise Real Estate Group<\/em> to get your house on the market at this optimal time to sell.<\/p>\n ","protected":false},"excerpt":{"rendered":"

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing […]<\/p>\n","protected":false},"author":2,"featured_media":3818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","entry","has-media"],"yoast_head":"\nThe No 1 Reason To Sell Your House Today - Skyrise Real Estate Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/skyrisere.com\/listings\/2022\/03\/16\/the-no-1-reason-to-sell-your-house-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The No 1 Reason To Sell Your House Today - Skyrise Real Estate Group\" \/>\n<meta property=\"og:description\" content=\"Almost every industry is currently struggling with supply chain disruptions. 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This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply. Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. 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