Search

Leave a Message

Thank you for your message. We will be in touch with you shortly.

Stand Out in a Low Inventory Market

Sandy Ginn May 24, 2023

 
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.
 
Looking back at every April 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). 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):
 
 
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’s called rate lock.
 
As a recent survey from Realtor.com explains56% of people who are planning to sell in the next 12 months say they’re waiting for rates to come down.
 
While this wait-and-see approach is right for some sellers, it also creates an opening for more eager sellers to jump in now.
 
If your current house truly doesn’t fit your needs anymore and you’re ready to move, don’t miss this chance to stand out. 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’s why your house could see multiple offers as buyers compete over the limited supply of homes for sale – especially if you price it right.
 
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
 
“Inventory levels are still at historic lows . . . Consequently, multiple offers are returning on a good number of properties.”

Bottom Line

If you’re 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. Let’s connect to get you market ready.

Recent Blog Posts

How to Increase Your Home’s Curb Appeal in a Weekend

Boost your home’s first impression with simple weekend projects that instantly elevate curb appeal—no major renovations required.

Understanding the Home Appraisal Process: What Buyers & Sellers Should Know

Understanding the home appraisal process can help buyers, sellers, and homeowners navigate property valuation with confidence and avoid potential setbacks.

What to Look for in Your First Home

Navigating your first home purchase? From location and lifestyle to budget and long-term value, here’s what to consider to make the right choice.

2025 Interior Design Trends: What’s In for the Year Ahead

Discover the top 2025 interior design trends, from warm earthy tones to statement stone surfaces and vintage charm, for a home that feels inviting and stylish.

Selling Your Lakefront Property in Indiana

Feel peace of mind knowing you’ll get maximum value from your lakefront property.

Which Mortgage Loan Is Best for You?

Find the right mortgage loan for your financial situation and homeownership goals with this comprehensive guide to conventional, FHA, VA, USDA, and jumbo loans.

10 Key Factors to a Successful Downsizing Journey

A Step-by-Step Guide to a Smooth and Rewarding Transition to a Simpler Lifestyle in 2025.

2025 Indiana Real Estate Outlook: Key Insights for Buyers and Sellers

What Buyers and Sellers Can Expect in Indiana’s 2025 Real Estate Market.

10 Luxury Yet Simple Updates to Increase Your Home's Value

Want to increase your home’s value and appeal to today’s buyers?

Work With Us

With experience in every type of real estate transaction, we aim to deliver sound advice, extensive research, and tenacious negotiating in order to secure incredible results for our clients. Every opportunity to serve our clients is a beautiful gift worth cherishing.