{"id":3530,"date":"2021-05-10T05:00:19","date_gmt":"2021-05-10T10:00:19","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/3-graphs-showing-why-you-should-sell-your-house-now\/"},"modified":"2022-11-16T14:29:35","modified_gmt":"2022-11-16T20:29:35","slug":"3-graphs-showing-why-you-should-sell-your-house-now","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/3-graphs-showing-why-you-should-sell-your-house-now\/","title":{"rendered":"3 Graphs Showing Why You Should Sell Your House Now"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143323\/20210510-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"3 Graphs Showing Why You Should Sell Your House Now | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>There\u2019s no doubt that 2021 is the year of the seller when it comes to the housing market. If you\u2019re a homeowner thinking of <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/04\/13\/some-buyers-prefer-smaller-homes\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">moving<\/a> to better suit your changing needs, now is the perfect time to do so. Low <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/04\/21\/planning-to-move-you-can-still-secure-a-low-mortgage-rate-on-your-next-home\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">mortgage rates<\/a> are in your favor when you\u2019re ready to purchase your dream home, and high buyer demand may give you the <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\">leverage<\/a> you need to negotiate the best contract terms on the sale of your house. Here\u2019s a look at what\u2019s driving this sellers\u2019 advantage and why there\u2019s so much opportunity for homeowners who are ready to move this season.<span id=\"more-44337\"><\/span><\/p>\n<h4><strong>1. Historically Low Inventory<\/strong><\/h4>\n<p>The <em>National Association of Realtors<\/em> (NAR) explains:<\/p>\n<blockquote>\n<p>\u00a0\u201c<strong><em>Total housing inventory at the end of March amounted to 1.07 million units<\/em><\/strong><em>, up 3.9% from February&#8217;s inventory . . . <strong>Unsold inventory sits at a 2.1-month supply<\/strong> <strong>at the current sales pace<\/strong>, marginally up from February&#8217;s 2.0-month supply and down from the 3.3-month supply recorded in March 2020<\/em>.\u201d<\/p>\n<\/blockquote>\n<p>Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low (<em>See graph below<\/em>):<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143319\/20210510-MEM-Eng-1.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44342\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143319\/20210510-MEM-Eng-1.png?resize=650%2C488&#038;ssl=1\" alt=\"3 Graphs Showing Why You Should Sell Your House Now | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>High buyer interest is creating a major imbalance between supply and demand, but as the small uptick in inventory shows, sellers are beginning to reenter the market. Selling your house now enables you to take advantage of buyer demand and get the most attention for your house \u2013 before more listings come to the market later this year.<\/p>\n<h4><strong>2. Frequent Bidding Wars<\/strong><\/h4>\n<p>As a result of the supply and demand imbalance, homebuyers are entering bidding wars at an accelerating rate. NAR <a href=\"https:\/\/cdn.nar.realtor\/sites\/default\/files\/documents\/2021-03-realtors-confidence-index-04-22-2021.pdf\" target=\"_blank\" rel=\"nofollow noopener\">reports<\/a> <strong>the average number of bids received on the most recently closed sales is 4.8 offers. <\/strong>This number has doubled since the first quarter of 2020 (<em>See graph below<\/em>):<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143318\/20210510-MEM-Eng-2.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44341\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143318\/20210510-MEM-Eng-2.png?resize=650%2C488&#038;ssl=1\" alt=\"3 Graphs Showing Why You Should Sell Your House Now | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>As buyers face increasingly tough competition while searching for homes to purchase, they\u2019re more likely to be flexible and generous in their negotiations. This gives a seller the opportunity to choose the best buyer for their needs and be selective about things like time to close, contingencies, renovations, and more. Working with your trusted agent is the best way to determine how to navigate the negotiation process when selling your house.<\/p>\n<h4><strong>3. Days on the Market<\/strong><\/h4>\n<p>In today\u2019s market, sellers aren\u2019t waiting very long to find a buyer for their house, either. NAR reports:<\/p>\n<blockquote>\n<p>\u201c<strong><em>Properties typically remained on the market for 18 days in March<\/em><\/strong><em>, down from 20 days in February and from 29 days in March 2020. 83% of the homes sold in March 2021 were on the market for less than a month.\u201d<\/em> <em>(See<\/em> <em>graph below<\/em>):<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143316\/20210510-MEM-Eng-3.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-44340\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2021\/05\/06143316\/20210510-MEM-Eng-3.png?resize=650%2C488&#038;ssl=1\" alt=\"3 Graphs Showing Why You Should Sell Your House Now | Simplifying The Market\" width=\"650\" height=\"488\" \/><\/a>NAR <em>Chief Economist <\/em>Lawrence Yun explains:<\/p>\n<blockquote>\n<p><em>&#8220;The sales for March would have been measurably higher, had there been more inventory\u2026Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.\u201d<\/em><\/p>\n<\/blockquote>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you\u2019re thinking about moving, these three graphs clearly show that it\u2019s a great time to sell your <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/05\/04\/4-big-incentives-for-homeowners-to-sell-now\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">house<\/a>. Let\u2019s connect today so you can learn more about the opportunities in our local area.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s no doubt that 2021 is the year of the seller when it comes to the housing market. If you\u2019re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you\u2019re ready to purchase your dream home, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3531,"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-3530","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>3 Graphs Showing Why You Should Sell Your House Now&#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\/3-graphs-showing-why-you-should-sell-your-house-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Graphs Showing Why You Should Sell Your House Now&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no doubt that 2021 is the year of the seller when it comes to the housing market. 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