Leave a Message

Thank you for your message. We will be in touch with you shortly.

We’re in a Sellers’ Market. What Does That Mean?

KCM Crew March 30, 2023

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?

It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of REALTORS® (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):

What Does This Mean for You?

When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find one to purchase. That creates increased competition among purchasers and keeps upward pressure on prices. And if buyers know they’re not the only one interested in a home, they’re going to do their best to submit a very attractive offer. As this happens, sellers are positioned to negotiate deals that meet their ideal terms. Lawrence Yun, Chief Economist at NAR, says:

“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”

Right now, there are still buyers who are ready, willing, and able to purchase a home. If you list your house right now in good condition and at the right price, it could get a lot of attention from competitive buyers.

Bottom Line

Today’s sellers’ market can be a great time for homeowners ready to make a move. Listing your house now will maximize your exposure to serious, competitive buyers. Connect with a local real estate professional to jumpstart the selling process.

Recent Blog Posts

8 Interior Design Trends Shaping 2024’s Luxury Homes

The world of luxury home design is ever-evolving – and 2024 is no exception

6 Takeaways from the Christie’s International Real Estate 2024 Luxury Forecast

From the rise of ‘quiet luxury’ to the growing influence of Gen Z, Christie’s International Real Estate identified several trends that are shaping the luxury real esta… Read more

Austin ranked the No. 1 Best Performing City for the first time since 2013

The Austin metro area earned a top ranking from the Milken Institute’s 2024 report — here’s how we got here.

@properties lone star Christie’s International Real Estate launches new Sports & Entertainment division working with athletes and entertainers.

The Dallas and Austin-based global network will allow athletes, entertainers and others to more seamlessly find homes across the world, with agents who specialize in m… Read more

10 Agents in Texas Named to the Christie’s International Real Estate 2024 Masters Circle

10 premier real estate agents from Dallas and Austin have been named to the Christie’s International Real Estate 2024 Masters Circle.

Christie’s International Real Estate to Launch Luxury Austin Brokerage

Christie’s International Real Estate, the world’s preeminent luxury real estate brand, will enter the Austin, Texas market this fall with the launch of a new affiliate.

Facelifting a Kitchen for a Fresh Look

A modern door example is something that has squared profiles and preferably, not knotty wood. 

Buyer Traffic is Still Stronger Than the Norm

Don’t put off your plans because you’re worried no one will buy your home.

Property Tax Relief Bill Moves Through Texas Legislature

Texas law, there is a 10% appraisal cap for homeowners and no cap for owners of commercial property.

Work With Us

Monica distinguishes herself as an exceptional professional in the real estate industry, consistently exceeding all expectations by delivering unparalleled service. Leveraging her extensive market expertise, Monica excels in optimizing property market values when entrusted to list or search for a property. Whether you're interested in buying or selling, Monica collaborates closely with clients to pinpoint their ideal properties, secure the most advantageous deals, and consistently provide a truly FABulous real estate experience.