Advantages of Listing Your Home in a Low-Inventory Market
Navigating the real estate market while planning your move can be a complex task, especially when considering the current market dynamics and your personal circumstances.
A significant factor in your favor is the current scarcity of homes on the market. Understanding the present inventory landscape is crucial for your selling strategy.
Current Home Supply Significantly Trails Usual Levels
In any sales scenario, the appeal of your product increases when it’s both in high demand and scarce. This is precisely the situation in today’s real estate market. The number of buyers exceeds the available homes for sale.
To illustrate the extent of this low inventory, consider the latest data on active listings, or homes available for sale. The following graph, using data from Realtor.com, compares the number of active listings in September this year with what is typically expected in the market.
The graph demonstrates a stark contrast between the typical market years (represented by blue bars) and this year’s figures (shown in red), highlighting the significant shortfall in current inventory levels.
Implications for Sellers With fewer options available, buyers are currently facing a more constrained market than in previous years. This situation presents distinct advantages if you choose to sell now. The limited supply means well-priced homes are selling quickly, often receiving multiple offers from keen buyers. Recent statistics from the National Association of Realtors (NAR) Confidence Index reveal:
- 69% of homes are selling in under a month.
- Homes are receiving an average of 2.6 offers.
Further supporting this trend, a Realtor.com article notes that:
“. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .”
Bottom Line
The current shortage in home listings means buyers are eagerly searching for more options, potentially making your property highly sought-after. By connecting with the right real estate professionals and pricing your home appropriately for today’s market, you stand a good chance of a swift sale, possibly with multiple offers. Reach out to Countryside Homes NJ and RE/MAX Select today to discuss how listing your home for sale in today’s seller’s market could be a smart move.
Client Testimonials for Countryside Homes NJ
At Countryside Homes NJ and RE/MAX Select, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.
Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Select streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.
As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Select, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Select. They truly go above and beyond for their clients!
From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Select stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Select was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!
Contact a Real Estate Agent
Heather Montalbano
Real Estate Sales Associate
Cell: 973-796-4947
RE/MAX Select
Office: 973-625-0450
Keith LaBrunda
Real Estate Sales Associate
Cell: 973-476-4182
RE/MAX Select
Office: 973-625-0450
RE/MAX Select - Rockaway, NJ
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Preferred Partners
Bill Crowell is a dedicated and experienced account executive at Land Quest Title, a leading title insurance and settlement services company. With a strong background in real estate and finance, Bill has been instrumental in the company’s growth and success
Gwendolyn Olinski, Esq. is the founder of Olinski Law, LLC, a firm that specializes in all matters of real estate law. With a Juris Doctor from Seton Hall University School of Law, she is certified in Mediation, Arbitration, and Negotiation
Countryside Homes NJ is proud to recommend Ryan Sturzebecker and his company, Alliance Home Inspections, as a preferred partner. Ryan, the owner and principal inspector, is dedicated to delivering top-tier customer service with a focus on helping clients understand the
For over 20 years, Mark Scocco has been involved in multiple facets of real estate and lending. It’s this diverse experience that you can rely on to help guide you through your mortgage transaction from qualification to closing. Mark will
Colleen Waid, owner of Dazzle by Design Home Staging, believes in the power of good design without the necessity of a hefty price tag. She specializes in creating elegant and stylish rooms by rearranging existing furniture, emphasizing focal points, and
Denise Damato-Sulzer is a seasoned insurance professional with Select Advantage Insurance Agency, a leading provider of comprehensive insurance solutions. With years of experience in the industry, Denise has honed her expertise in a wide range of insurance products, including home,
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