There is no doubt that the housing market is changing this season as buyer demand falls and the quantity of available houses rises. However, this change really offers you some special advantages when you sell. Here are some of the main chances you have if you list your home this fall.

Opportunity #1: You Have More Moves to Choose From

The increasing number of houses for sale is currently one of the major stories. Since the beginning of the year, there has been an increase in housing inventory, largely as a result of increased mortgage rates, which have helped to calm the peak frenzy of buyer demand. However, you may not be aware that it could work to your advantage.

You'll have more possibilities for your own house hunt if you sell your home and move. This increases your likelihood of discovering a house that meets all of your requirements. As a result, if you've held off selling because you were concerned about finding a new home, be aware that your choices have increased.

Opportunity #2: There aren't many homes available on the market

Just keep in mind that despite data showing an increase in the number of properties for sale this year, the housing supply is still firmly in the sellers' market zone. A six-month supply of homes would be required for there to be a balanced market where there are enough properties available to match the rate of buyer demand. Only 3.3 months' worth of inventory existed in July, according to the National Association of Realtors' (NAR) most recent report.

Although you'll have more options for your personal house search, inventory is still limited, so if you price your home properly, it will still be in demand. Because of this, the most current NAR data also reveals that the typical property sold in July still received multiple offers and was able to be purchased in as little as 14 days (in SC, it was 7 days!)

Opportunity #3: Your Equity Has Increased Significantly

Your equity (and net worth) have probably increased significantly as a result of the market's recent home price gain. Realtor.com's Chief Economist, Danielle Hale, explains:

“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion . . .” 

Take comfort in knowing that your equity can help if you've been putting off selling because you're concerned about how rising prices will affect your hunt for your next property. It can be just what you need to pay for most or perhaps all of the down payment on your future home.

To summurize

If you’re thinking about selling your house this season, work Tatiane Silva so you have the expert insights you need to make the best possible move today.