July 18, 2023

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

miniature house held on hands, open hands

Today’s housing inventory is still well below typical inventory levels. If you’re thinking of selling your house, this is good news for you. According to REALTOR.com, on average, active inventory in June was 50.6% below pre-pandemic 2017-2019 levels.

Homes that are priced correctly are selling quickly and seeing multiple offers. According to NAR, as compared to May 2023, in June 2023, the percentage of homes sold in less than a month is up slightly to 74%. Month-over-month, the median days on market is down to 18 days. The average number of offers has increased month-over-month to 3.3 offers per listing.

Want More Reasons to Sell Now?

Check out some of our recent, related articles:

Sell When Others Aren't Selling

There's a Big Advantage to Selling Your Home Now

The Impact of Changing Mortgage Rates

Final Thoughts

Housing inventory is low and key metrics across the national landscape are indicating this is a great time to sell your home. If you’re not sure how your home will fare on the Multiple Listing Service today, speak with a Realtor to discuss your specific options. Visit www.onekeymls.com/directory to find your real estate professional.

Adapted from KCM.

Low Housing Inventory Is a Sweet Spot for Sellers

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