{"id":6605,"date":"2021-01-14T11:00:01","date_gmt":"2021-01-14T11:00:01","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6605"},"modified":"2021-01-14T11:00:01","modified_gmt":"2021-01-14T11:00:01","slug":"why-right-now-may-be-the-time-to-sell-your-house","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6605","title":{"rendered":"Why Right Now May Be the Time to Sell Your House"},"content":{"rendered":"
\n

\"Why<\/p>\n

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates<\/strong>\u00a0are a driving factor in this continued momentum, with average rates hovering at historic all-time lows<\/a>.<\/span><\/p>\n

According to the latest\u00a0Realtors Confidence Index Survey<\/a><\/em>\u00a0from the\u00a0National Association of Realtors\u00a0<\/em>(NAR),\u00a0buyer demand across the country is incredibly strong<\/strong>. That\u2019s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here\u2019s a breakdown by state:\"Why<\/a>As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.<\/p>\n

NAR also just\u00a0reported<\/a>\u00a0that the actual number of homes currently for sale stands at\u00a01.28 million<\/strong>, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply <\/strong>available at the current sales pace. In a normal market, that number would be 6.0 months of inventory<\/a> \u2013 significantly higher than it is today.<\/p>\n

What does this mean for buyers and sellers?<\/strong><\/h4>\n

Buyers<\/strong>\u00a0need to\u00a0remain patient<\/strong>\u00a0in the search process. At the same time, they must be ready to\u00a0act immediately<\/strong> once they find the right home since bidding wars<\/a> are more common when so few houses are available for sale.<\/p>\n

Sellers\u00a0<\/strong>may not want to wait until spring to put their houses on the market, though. With\u00a0such high buyer<\/strong> demand and such a low supply<\/strong>, now is the perfect time to sell a house on optimal terms.<\/p>\n

Bottom Line<\/strong><\/h3>\n

The real estate market is entering the year like a lion. There\u2019s no indication it will lose that roar, assuming inventory continues to come to market.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n\"WhyThe housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates\u00a0are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest\u00a0Realtors Confidence Index Survey\u00a0from the\u00a0National Association of Realtors\u00a0(NAR),\u00a0buyer demand across the country is [\u2026]<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,84,85,86,118],"tags":[],"class_list":["post-6605","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-buyers","category-for-sellers","category-housing-market-updates","category-interest-rates"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6605"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6605\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}