Should I Sell My House This Year?

Posted by Bend Premier Real Estate on Thursday, September 8th, 2022 at 10:58am.

 

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Opportunity #1: You Have More Options for Your Move

One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.

If you’re selling your house to make a move, it means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find somewhere to go, know your options have improved.

Opportunity #2: The Number of Homes on the Market Is Still Low

Just remember, while data shows the number of homes for sale has increased this year, housing supply is still firmly in sellers’ market territory. To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months’ supply of homes. According to the latest report from the National Association of Realtors (NAR), in July, there was only a 3.3 months’ supply.

While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.

Opportunity #3: Your Equity Has Grown by Record Amounts

The home price appreciation the market saw over the past few years has likely given your equity (and your net worth) a considerable boost. Danielle Hale, Chief Economist at realtor.com, explains:

“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion . . .” 

If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.

Bottom Line

If you’re thinking about selling your house this season, let’s connect you with a Bend Premier Broker 541-323-2779 so you have the expert insights you need to make the best possible move today.

9 Responses to "Should I Sell My House This Year?"

Checklist to Sell Fall Homes - Salem Local News wrote: [...]Here are some highlights

It all comes down to selling your houseYou want your property to be attractive to buyers. A real estate professional can help you decide what to do to make that happen.

Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal.

Let’s connect you with a Bend Premier Broker For advice, call 541-323-2779. sell this season.[...]

Posted on Friday, September 23rd, 2022 at 2:33pm.

Experts predict what will happen to home prices next year - Salem Local News wrote: [...]issue of housing on the market continues to be a problem in this country. We still don’t have enough homes On the market for number of people They want to purchase them. To further that point, we’re[...]

Posted on Friday, September 23rd, 2022 at 7:18pm.

The Top Reasons Why Homeowners are Selling Their Houses Now - Salem Local News wrote: [...]mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling Your home.
Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And[...]

Posted on Saturday, September 24th, 2022 at 2:52am.

Will My House Still Sell in Today’s Market? - Salem Local News wrote: [...]about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the[...]

Posted on Saturday, September 24th, 2022 at 10:11am.

Checklist to Sell Fall Homes - Bend Local News wrote: [...]Here are some highlights

It all comes down to selling your houseYou want your property to be attractive to buyers. A real estate professional can help you decide what to do to make that happen.

Focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal.

Let’s connect you with a Bend Premier Broker For advice, call 541-323-2779. sell this season.[...]

Posted on Friday, September 30th, 2022 at 11:43am.

How To Prep Your Home for Sale This Fall - Bend Local News wrote: [...]Line
Selling a house requires prep work and experience. In the event you’re trying to promote your own home this[...]

Posted on Monday, October 3rd, 2022 at 2:59pm.

How To Prep Your Home for Sale This Fall - Salem Local News wrote: [...]Line
Selling a house requires prep work and experience. Should you’re trying to promote your home this season,[...]

Posted on Monday, October 3rd, 2022 at 3:13pm.

How To Prep Your Home for Sale This Fall - Portland Local News wrote: [...]Line
Selling a house requires prep work and experience. In the event you’re seeking to promote your own home this[...]

Posted on Tuesday, October 4th, 2022 at 8:20am.

How To Prep Your Home for Sale This Fall - Medford Local News wrote: [...]Line
Selling a house requires prep work and experience. In case you’re trying to promote your home this season,[...]

Posted on Tuesday, October 4th, 2022 at 12:01pm.

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