The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That\u2019s why, if you\u2019re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.<\/p>\n\n
According<\/a> to the latest Monthly Housing Market Trends<\/em> Report<\/em> from realtor.com<\/em>:<\/p>\n\n \u201cThere were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019<\/strong>. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.\u201d<\/em><\/p>\n The graph below shows how today\u2019s inventory of homes for sale compares to recent years:<\/p>\n\n <\/a><\/p>\n\n Fewer homes for sale means buyers have fewer choices than they did prior to the pandemic\u2014and that frustration is leading some to give up on the homebuying process altogether. But with mortgage rates sitting lower<\/a> than they were at the peak last fall, more buyers are willing to come back into the process\u2014they just need to find homes to buy. This is welcome activity for the spring market, especially if you\u2019re thinking of selling your house.<\/p>\n\nWhat Does This Mean for You?<\/strong><\/h4>\n