{"id":3469,"date":"2021-03-29T05:00:45","date_gmt":"2021-03-29T10:00:45","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/what-it-means-to-be-in-a-sellers-market\/"},"modified":"2021-03-29T05:00:45","modified_gmt":"2021-03-29T10:00:45","slug":"what-it-means-to-be-in-a-sellers-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/what-it-means-to-be-in-a-sellers-market\/","title":{"rendered":"What It Means To Be in a Sellers\u2019 Market"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/03\/23170725\/20210329-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"What It Means To Be in a Sellers\u2019 Market | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>If you\u2019ve given even a casual thought to <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/04\/is-it-a-good-time-to-sell-my-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">selling<\/a> your house in the near future, this is the time to really think seriously about making a move. Here\u2019s why this season is the ultimate <strong>sellers\u2019 market<\/strong> and the optimal time to make sure your house is <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/02\/24\/how-much-leverage-do-todays-house-sellers-have\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">available<\/a> for buyers who are looking for homes to purchase.<span id=\"more-44082\"><\/span><\/p>\n<p>The latest\u00a0<a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/housing-statistics\/existing-home-sales\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Existing Home Sales Report<\/a>\u00a0from\u00a0<em>The National Association of Realtors\u00a0<\/em>(NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a\u00a0<strong>2-month supply<\/strong>\u00a0at the current sales pace.<\/p>\n<p>Historically, a 6-month supply is necessary for a \u2018normal\u2019 or \u2018neutral\u2019 market in which there are enough homes available for active buyers\u00a0<em>(See graph below)<\/em>:<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/03\/23170727\/20210329-MEM-Eng-1.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44084\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/03\/23170727\/20210329-MEM-Eng-1.png?resize=650%2C488&#038;ssl=1\" alt=\"What It Means To Be in a Sellers\u2019 Market | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>When the supply of houses for sale is as low as it is right now, it\u2019s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/24\/why-you-should-think-about-listing-prices-like-an-auctions-reserve-price\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">essential<\/a> for buyers to submit very attractive\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/15\/how-to-make-a-winning-offer-on-a-home\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">offers<\/a>.<\/p>\n<p>As this happens, home prices rise and <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/08\/5-reasons-to-sell-your-house-this-spring-2\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">sellers<\/a> are in the best position to negotiate deals that meet their\u00a0ideal terms. If you put your house on the market while so <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/02\/22\/where-have-all-the-houses-gone\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">few<\/a> homes are available to buy, it will likely get a lot of attention from hopeful buyers.<\/p>\n<p>Today, there are many buyers who are ready, willing, and able to purchase a home. Low\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/09\/how-upset-should-you-be-about-3-mortgage-rates\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">mortgage rates<\/a>\u00a0and a year filled with unique\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2020\/11\/16\/why-working-from-home-may-spark-your-next-move\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">changes<\/a>\u00a0have prompted buyers to think differently about where they live \u2013 and they\u2019re 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.<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Home prices are\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/03\/02\/home-prices-what-happened-in-2020-what-will-happen-this-year\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">appreciating<\/a>\u00a0in today\u2019s sellers\u2019 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.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019ve 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\u2019s why this season is the ultimate sellers\u2019 market and the optimal time to make sure your house is available for buyers who are looking for homes to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3470,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3469","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What It Means To Be in a Sellers\u2019 Market&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/what-it-means-to-be-in-a-sellers-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What It Means To Be in a Sellers\u2019 Market&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"If you\u2019ve 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. 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