Why You Should Consider Selling Your Home In Todays Sellers Market

11308 Rising Ridge Summerlin Nevada 89135 April 18 2021

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for a home to purchase in Las Vegas.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply 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):

When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

How low home inventory is affecting home prices in spring / summer 2021 > Christopher Breceda, Las Vegas Realtor - Why You Should Consider Selling Your Home In Todays Sellers Market

As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers. Addiionally, this increase in home values has had a very positive impact on the equity in a home owners home, making it a double win!

Today, there are many buyers moving to Las Vegas from out of state, who are ready, willing, and able to purchase a home. Low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live – and they’re taking action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

The Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the coming weeks will give you the most exposure to buyers who will actively compete against each other to purchase it before interest rates start to climb.

Give me a call or shoot me an email for a no obligation assessment of your homes current value in todays market and to discuss your needs, and answer your questions / concerns.

Conversation is Free, Knowledge is Priceless!

Christopher Breceda REALTOR®

Analyst and Founder of New Life West Vegas ERA Brokers Consolidated - Distinctive Properties Agent

Mobile (760) 613-4788 

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