{"id":8663,"date":"2023-05-11T06:30:00","date_gmt":"2023-05-11T10:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8663"},"modified":"2023-05-11T06:30:00","modified_gmt":"2023-05-11T10:30:00","slug":"the-best-time-to-sell-your-house-is-when-others-arent-selling","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=8663","title":{"rendered":"The Best Time To Sell Your House Is When Others Aren\u2019t Selling"},"content":{"rendered":"
\"The<\/p>\n

If you\u2019re thinking about selling<\/a> your house, you should know the number of homes for sale right now is low. That\u2019s because, this season, there are fewer sellers listing their houses for sale than the norm.<\/strong><\/p>\n

Looking back at every April<\/a> since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below<\/em>). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below<\/em>):<\/p>\n

<\/a><\/p>\n

While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It\u2019s called rate lock<\/em>.<\/p>\n

As a recent survey from Realtor.com<\/em> explains<\/a>, <\/em>56% of people who are planning to sell in the next 12 months say they\u2019re waiting for rates to come down.<\/p>\n

While this wait-and-see <\/em>approach is right for some sellers, it also creates an opening for more eager sellers to jump in now.<\/strong><\/p>\n

If your current house truly doesn\u2019t fit your needs anymore and you\u2019re ready to move, don\u2019t miss this chance to stand out<\/a>. When fewer sellers are putting their homes up for sale, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. That\u2019s why your house could see multiple offers<\/a> as buyers compete over the limited supply of homes for sale \u2013 especially if you price it right<\/a>.<\/p>\n

As Lawrence Yun, Chief Economist at the National Association of Realtors <\/em>(NAR), says<\/a>:<\/p>\n

<\/p>\n

\u201cInventory levels are still at historic lows . . . Consequently, multiple offers are returning on a good number of properties.”<\/em><\/p><\/blockquote>\n

SBottom Line<\/h3>\n

If you\u2019re ready to sell now, beat the competition before it comes onto the market. If you do, your house should stand out and could get multiple offers. Partner with a real estate professional to get your house on the market.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"The<\/p>\n

If you\u2019re thinking about selling your house, you should know the number of homes for sale right now is low.<\/span><\/p>\n<\/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":[3,85,86,133],"tags":[],"class_list":["post-8663","post","type-post","status-publish","format-standard","hentry","category-blog","category-for-sellers","category-housing-market-updates","category-selling-myths"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8663","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=8663"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/8663\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}