Does low inventory give Sellers an advantage?

When it comes to selling your home, you’re probably trying to juggle the current market conditions and your own needs as you plan your move.

One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you.

Lets dive into it....

The Supply of Homes for Sale Is Far Below the Norm

When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale.

But what does this mean for you?

Buyers now have fewer choices than they did in more typical years. And that’s why you could still see some great perks if you sell today. Because there aren’t enough homes to go around, homes that are priced right are still selling fast and the average seller is getting multiple offers from eager buyers.

Current Stats today in the Lamorinda market: 

Homes for sale: DOWN 50% from last year

In conclusion...

Because the supply of homes for sale is so low, buyers desperately want more options – and your house may be just what they’re looking for. There's lots of options for buyers to navigate this high interest rate market and with a realtor as your partner we can create a strategic plan on maximizing todays market. LETS CHAT!