• HOME
    HOME
  • PROPERTY SEARCH
    PROPERTY SEARCH
    • DREAM HOME FINDER
      DREAM HOME FINDER
    • BERKELEY HEIGHTS HOMES
      BERKELEY HEIGHTS HOMES
    • DUNELLEN HOMES
      DUNELLEN HOMES
    • FANWOOD HOMES
      FANWOOD HOMES
    • METUCHEN HOMES
      METUCHEN HOMES
    • NORTH PLAINFIELD HOMES
      NORTH PLAINFIELD HOMES
    • NEW PROVIDENCE HOMES
      NEW PROVIDENCE HOMES
    • PISCATAWAY HOMES
      PISCATAWAY HOMES
    • SCOTCH PLAINS HOMES
      SCOTCH PLAINS HOMES
    • SOUTH PLAINFIELD HOMES
      SOUTH PLAINFIELD HOMES
    • WATCHUNG HOMES
      WATCHUNG HOMES
    • WARREN HOMES
      WARREN HOMES
    • SOMERSET HOMES
      SOMERSET HOMES
  • HOME SELLERS
    HOME SELLERS
    • HOME VALUATION REQUEST
      HOME VALUATION REQUEST
    • STAGING YOUR HOME FOR SALE
      STAGING YOUR HOME FOR SALE
    • COMMUNITY INFO
      COMMUNITY INFO
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME SELLERS
      NEWS FOR HOME SELLERS
  • HOME BUYERS
    HOME BUYERS
    • LUXURY HOMES IN CENTRAL NEW JERSEY
      LUXURY HOMES IN CENTRAL NEW JERSEY
    • CONDOS & TOWNHOUSES
      CONDOS & TOWNHOUSES
    • RETIREMENT HOUSING IN NEW JERSEY
      RETIREMENT HOUSING IN NEW JERSEY
    • MORTGAGE CALCULATOR
      MORTGAGE CALCULATOR
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME BUYERS
      NEWS FOR HOME BUYERS
  • ABOUT ROBIN
    ABOUT ROBIN
    • ABOUT ROBIN
      ABOUT ROBIN
    • CONTACT ME
      CONTACT ME
    • TESTIMONIALS
      TESTIMONIALS
  • BLOG
    BLOG
  • HOME
    HOME
  • PROPERTY SEARCH
    PROPERTY SEARCH
    • DREAM HOME FINDER
      DREAM HOME FINDER
    • BERKELEY HEIGHTS HOMES
      BERKELEY HEIGHTS HOMES
    • DUNELLEN HOMES
      DUNELLEN HOMES
    • FANWOOD HOMES
      FANWOOD HOMES
    • METUCHEN HOMES
      METUCHEN HOMES
    • NORTH PLAINFIELD HOMES
      NORTH PLAINFIELD HOMES
    • NEW PROVIDENCE HOMES
      NEW PROVIDENCE HOMES
    • PISCATAWAY HOMES
      PISCATAWAY HOMES
    • SCOTCH PLAINS HOMES
      SCOTCH PLAINS HOMES
    • SOUTH PLAINFIELD HOMES
      SOUTH PLAINFIELD HOMES
    • WATCHUNG HOMES
      WATCHUNG HOMES
    • WARREN HOMES
      WARREN HOMES
    • SOMERSET HOMES
      SOMERSET HOMES
  • HOME SELLERS
    HOME SELLERS
    • HOME VALUATION REQUEST
      HOME VALUATION REQUEST
    • STAGING YOUR HOME FOR SALE
      STAGING YOUR HOME FOR SALE
    • COMMUNITY INFO
      COMMUNITY INFO
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME SELLERS
      NEWS FOR HOME SELLERS
  • HOME BUYERS
    HOME BUYERS
    • LUXURY HOMES IN CENTRAL NEW JERSEY
      LUXURY HOMES IN CENTRAL NEW JERSEY
    • CONDOS & TOWNHOUSES
      CONDOS & TOWNHOUSES
    • RETIREMENT HOUSING IN NEW JERSEY
      RETIREMENT HOUSING IN NEW JERSEY
    • MORTGAGE CALCULATOR
      MORTGAGE CALCULATOR
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME BUYERS
      NEWS FOR HOME BUYERS
  • ABOUT ROBIN
    ABOUT ROBIN
    • ABOUT ROBIN
      ABOUT ROBIN
    • CONTACT ME
      CONTACT ME
    • TESTIMONIALS
      TESTIMONIALS
  • BLOG
    BLOG
To Blog

Don’t Wait To Sell Your House

June 16, 2021
-
For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths
-
Posted by Robin Taylor Roth

Don’t Wait To Sell Your House | Simplifying The Market

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.

High Buyer Demand

Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.

Low Inventory of Houses for Sale

Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:

“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”

NAR also reveals that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are essentially selling as fast as they’re hitting the market. Below is a graph of the existing inventory of single-family homes for sale:Don’t Wait To Sell Your House | Simplifying The MarketAt the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:

“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”

What Does This Mean for You? 

If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.

Bottom Line

As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.

PREVIOUS POST
Hope Is on the Horizon for Today’s Housing Shortage
NEXT POST
Housing Wealth: The Missing Piece of the Affordability Equation

Robin Taylor Roth

Find Your Dream Home
Price
Beds
Baths
More
Save Search
Get In Touch!

What is My Home Worth?

Related News

Other posts that you should not miss

Mortgage Rates Are Dropping. What Does That Mean for You?

December 19, 2022
-
Posted by Robin Taylor Roth

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of …

Read More →
Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
2 MIN READ

How Smart Buyers Are Approaching Rising Mortgage Rates

November 24, 2021
-
Posted by Robin Taylor Roth

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue …

Read More →
Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
2 MIN READ

Myths About Today’s Housing Market [INFOGRAPHIC]

April 22, 2022
-
Posted by Robin Taylor Roth

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether …

Read More →
Buying Myths, For Buyers, For Sellers, Infographics, Selling Myths
1 MIN READ
Contact Me

Robin Taylor Roth
Berkshire Hathaway HomeServices New Jersey Properties
225 Maple Avenue South, South Plainfield, NJ 07080
NJ #0897458

Office : 908.755.5300
Cell : 908.612.4962
Email : robintaylorroth@BHHSNJ.com

Your Contact Info

     

    Agent Login

    © 2022 Robin Taylor Roth ©2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

    Don’t Wait To Sell Your House - Central New Jersey Real Estate

    Attraction in Dunellen Boro, NJ

    778 Frenchtown Rd
    Powered by Yelp
    The Famous River Hot Dog Man
    The Famous River Hot Dog Man - Milford Yelp Rating 17 reviews
    Rafting/Kayaking, Tubing
    80 Old York Rd
    Powered by Yelp
    Old York Cellars
    Old York Cellars - Ringoes Yelp Rating 212 reviews
    Wineries, Wine Tours
    778 Frenchtown Rd
    Powered by Yelp
    Delaware River Tubing
    Delaware River Tubing - Milford Yelp Rating 227 reviews
    Rafting/Kayaking, Boating, Tubing
    220 Rte 22 W
    Powered by Yelp
    Crystal Toyota
    Crystal Toyota - Green Brook Township Yelp Rating 107 reviews
    Car Dealers, Oil Change Stations, Auto Parts & Supplies
    Powered by Yelp
    Derrick Joseph Psychic Medium
    Derrick Joseph Psychic Medium - Philadelphia Yelp Rating 28 reviews
    Psychic Mediums, Life Coach
    360 Industrial Loop
    Powered by Yelp
    WeGotLites
    WeGotLites - Staten Island Yelp Rating 46 reviews
    Home Decor, Lighting Fixtures & Equipment
    378 Route 6 & 209 Matamoras Base
    Powered by Yelp
    Kittatinny Canoes
    Kittatinny Canoes - Milford Yelp Rating 77 reviews
    Rafting/Kayaking, Tubing
    1055 US Hwy 1
    Powered by Yelp
    Worldwide Wholesale Floor Coverings
    Worldwide Wholesale Floor Coverings - Edison Yelp Rating 88 reviews
    Carpeting, Hardware Stores
    Powered by Yelp
    The Happy Wanderer Travel Agency
    The Happy Wanderer Travel Agency - Plainfield Yelp Rating 1 reviews
    Travel Agents, Tours
    378 Route 6 & 209
    Powered by Yelp
    Kittatinny Canoes
    Kittatinny Canoes - Milford Yelp Rating 28 reviews
    Campgrounds, Tubing, Rafting/Kayaking
    420 W 1st Ave
    Powered by Yelp
    Granitetop
    Granitetop  - Roselle Yelp Rating 7 reviews
    General Contractors, Kitchen & Bath
    Powered by Yelp
    The Ilka Pinheiro
    The Ilka Pinheiro - New York Yelp Rating 16 reviews
    Reiki, Psychic Mediums, Counseling & Mental Health
    305-B New Dorp Ln
    Powered by Yelp
    Gables New York
    Gables New York - Staten Island Yelp Rating 9 reviews
    Home Decor, Shades & Blinds, Shutters
    70 Commerce St
    Powered by Yelp
    Frank's Express
    Frank's Express - Brooklyn Yelp Rating 123 reviews
    Movers, Packing Services, Packing Supplies
    45 Main St Ste 202
    Powered by Yelp
    Block Renovation
    Block Renovation - Brooklyn Yelp Rating 76 reviews
    Kitchen & Bath, General Contractors
    234 16th St Fl 2
    Powered by Yelp
    Alpha Moving & Storage
    Alpha Moving & Storage - Jersey City Yelp Rating 176 reviews
    Movers, Self Storage, Packing Supplies