What It Means To Be in a Sellers’ Market

What It Means To Be in a Sellers’ Market

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (See graph below):What It Means To Be in a Sellers’ Market | MyKCMWhen the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

Today, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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We Know... Its confusing
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Wisconsin state law prohibits a licensee (Brokerage) from advertising a property for sale without a listing contract and a visual inspection for your property. But, because FSBOmadison is NOT a brokerage, you are able to advertise your property for sale on our website!  To add your property to the MLS, we have associated with a licensed brokerage, The McGrady Group LLC,  to provide you with this service and we need to be sure that the services we offer are paid for and clearly kept separate to avoid any confusion.

We Know... Its confusing
...We're sorry!

Wisconsin state law prohibits a licensee (Brokerage) from advertising a property for sale without a listing contract and a visual inspection for your property. But, because FSBOmadison is NOT a brokerage, you are able to advertise your property for sale on our website!  To add your property to the MLS, we have associated with a licensed brokerage, The McGrady Group LLC,  to provide you with this service and we need to be sure that the services we offer are paid for and clearly kept separate to avoid any confusion.

FSBO Madison Yard SIgn

A FSBO yard sign is a vital marketing tool, bridging the digital and physical worlds to attract potential buyers, signal professionalism, and facilitate connections within the community. It serves as a beacon of trust and opportunity, transcending its physical presence to symbolize credibility and legitimacy in the competitive property market.

DISPLAYING A PROPERTY'S LAYOUT

A floor plan is a great way to show the layout of rooms in a building. Often photographs alone cannot convey this information. Floor plans, on the other hand, offer a clear, bird’s-eye view of the entire space, allowing buyers to grasp the relationships between rooms, their sizes, and how they connect.