A Once-in-a-lifetime Opportunity

Thinking about selling your home in 2022? You have a once-in-a-lifetime opportunity right now because when selling anything, you hope for strong demand and demand could not be any stronger than right now! Couple strong demand with limited supply and you maximize your leverage when it comes to selling.

Demand is Currently Very Strong

According to the National Association of Realtors (NAR) 6.18 million homes were sold in 2021, which was the largest number of homes sold in 15 years. NAR Chief Economist Lawrence Yun states, “sales for the entire year finished strong, reaching the highest level since 2006.” Home sales demand is not expected to weaken this year, even with an increase in interest rates. Experts are projecting home sales to reach 6.4 million homes sold this year.

Very Limited Supply

The NAR report shows that the number of months of inventory hit the lowest number of the century. According to the report units were down 14.2% from one year ago in December and supply of inventory sits at a 1.8 month’s supply which was down 1.9 months from the previous December.

Maximum Leverage for Sellers Right Now

Demand is high and inventory is low meaning sellers have the leverage in all aspects of the sale. Buyers today know they will need to be flexible because they’ll be faced with competitive offers. in order for buyers to be competitive they willl need to have their finances in order and will need to have a successful, well versed real estate agent. All of these aspects will appeal to the seller and help their offer get accepted.

Bottom Line

If you’re thinking of selling your house this year, now is the optimal time to list it. Contact Robb Realty Group to learn more about putting your house on the market today.