{"id":4774,"date":"2023-04-11T05:30:00","date_gmt":"2023-04-11T10:30:00","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/the-big-advantage-if-you-sell-this-spring\/"},"modified":"2024-01-18T20:52:37","modified_gmt":"2024-01-19T02:52:37","slug":"the-big-advantage-if-you-sell-this-spring","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/the-big-advantage-if-you-sell-this-spring\/","title":{"rendered":"The Big Advantage If You Sell This Spring"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/content\/images\/20230410\/20230411-the-big-advantage-if-you-sell-this-spring-KCM.jpg?w=358&#038;ssl=1\" alt=\"The Big Advantage If You Sell This Spring Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear: both;max-width: 100%\" \/><\/p>\n<p>Thinking about selling your house? If you\u2019ve been waiting for the <a href=\"https:\/\/www.simplifyingthemarket.com\/2023\/04\/10\/homebuyer-activity-shows-signs-of-warming-up-for-spring\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">right time<\/a>, it could be now while the supply of homes for sale is so low. <em>HousingWire <\/em><a href=\"https:\/\/news.move.com\/2023-03-30-Realtor-com-R-March-Housing-Report-Spring-Thaw-Lures-Buyers-Back-into-the-Housing-Market\" rel=\"noopener noreferrer\" target=\"_blank\">shares<\/a>:<\/p>\n<blockquote><p><em>\u201c. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .\u201d<\/em><\/p><\/blockquote>\n<p>The <em>National Association of Realtors<\/em> (NAR) <a href=\"https:\/\/www.nar.realtor\/newsroom\/existing-home-sales-surged-14-5-in-february-ending-12-month-streak-of-declines\" rel=\"noopener noreferrer\" target=\"_blank\">confirms<\/a> today\u2019s housing inventory is low by looking at the months\u2019 supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers\u2019 market. And today, the number is much lower:<\/p>\n<blockquote><p><em>\u201cTotal housing inventory registered at the end of February was 980,000 units, identical to January and up 15.3% from one year ago (850,000). <\/em><strong><em>Unsold inventory sits at a 2.6-month supply at the current sales pace<\/em><\/strong><em>, down 10.3% from January but up from 1.7 months in February 2022.\u201d<\/em><\/p><\/blockquote>\n<h4><strong>Why Does Low Inventory Make It a Good Time To Sell?<\/strong><\/h4>\n<p>The less inventory there is on the market when you <a href=\"https:\/\/www.simplifyingthemarket.com\/2023\/04\/04\/two-reasons-you-should-sell-your-house\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">sell<\/a>, the less competition you\u2019re likely to face from other sellers. That means your house will get more attention from the buyers looking for a home this spring. And since there are significantly more buyers in the market than there are homes for sale, you could even receive more than one offer on your house. Multiple offers are on the rise again (<em>see graph below<\/em>): &nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/content\/images\/20230410\/20230411-average-number-of-offers-received-on-the-most-recent-closed-sale-MEM.png?ssl=1\" rel=\"noopener noreferrer\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/files.keepingcurrentmatters.com\/content\/images\/20230410\/20230411-average-number-of-offers-received-on-the-most-recent-closed-sale-MEM.png?ssl=1\"><\/a><\/p>\n<p>If you get more than one offer on your house, it becomes a bidding war between buyers \u2013 and that means you have greater leverage to sell on your terms. But if you want to maximize the opportunity for a bidding war to spark, be sure to lean on your expert real estate advisor. While we\u2019re still in a strong <a href=\"https:\/\/www.simplifyingthemarket.com\/2023\/03\/30\/were-in-a-sellers-market-what-does-that-mean\/?a=375140-ca8522ad04357da9549c08492a932f70\" rel=\"noopener noreferrer\" target=\"_blank\">sellers\u2019 market<\/a>, it isn\u2019t the frenzy we saw a couple of years ago, and today\u2019s buyers are focused on the houses with the greatest appeal. Clare Trapasso, Executive News Editor at <em>Realtor.com<\/em>, <a href=\"https:\/\/news.move.com\/2023-03-30-Realtor-com-R-March-Housing-Report-Spring-Thaw-Lures-Buyers-Back-into-the-Housing-Market\" rel=\"noopener noreferrer\" target=\"_blank\">explains<\/a>:<\/p>\n<blockquote><p><em>&#8220;Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country. So, <\/em><strong><em>this spring, it&#8217;s especially important for sellers to make their homes as attractive as possible to appeal to as many buyers as possible<\/em><\/strong><em>.\u201d<\/em><\/p><\/blockquote>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinking about selling your house? If you\u2019ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: \u201c. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4775,"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-4774","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>The Big Advantage If You Sell This Spring&#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\/the-big-advantage-if-you-sell-this-spring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Big Advantage If You Sell This Spring&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Thinking about selling your house? 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