Why Its Still A Sellers Market

Dated: August 5 2022

Views: 22

Why It’s Still a Sellers’ Market

Why It’s Still a Sellers’ Market | MyKCM

As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal.

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it like this:

  • A buyers’ market is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.

  • In a sellers’ market, it’s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.

  • A neutral market is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.

And for the past two years, we’ve been in a red-hot sellers’ market because inventory has been near record lows. The blue section of this graph highlights just how far below a neutral market inventory still is today.

Why It’s Still a Sellers’ Market | MyKCM

What Does This Mean for You?

Ed Pinto, Director of the American Enterprise Institute’s Housing Center, gives a perfect summary of what’s happening in today’s market, saying:

“Overall, the best summary is that we’ll move from a gangbuster sellers’ market to a modest sellers’ market.”

Conditions are still in your favor even though the market is cooling. If you work with an agent to price your house at market value, you’ll find success when you sell your house today. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list your house hasn’t closed.

Bottom Line

Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.


#berkshirehathaway #eliterealestate #knowledgebroker #realestatesherpa #berkshirehathawayhomeservices #realestate #realtor #pravinlal #trustedadvisor #elkgroverealestate #sacramento #elkgrove #goodtoknow #goodtoask #liveit #movetosacramento #movetoelkgrove #realestate #realestateagent #dreamhome #homeowner #mambamentality #crs #certifiedresidentialspecialist #realestatepro #keepcurrentmatters #clubhouse #egchamberofcommerce #influential  #realestatemarketing 

Blog author image

Pravin Lal

Welcome to the Berkshire Hathaway HomeServices Elite Real Estate. As an agent representing one of the most dynamic real estate brands in the country, you can expect the utmost professionalism and dedi....

Want to Advertise on this Site?

Latest Blog Posts

Aug 18 2022 11325 1

                  PLANNING TO RETIRE Whether you've just retired or you're thinking about retirement, you may be considering your

Read More

Experts Increase 2022 Home Price Projections

Experts Increase 2022 Home Price Projections If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential,

Read More

What Does The Rest Of The Year Hold For Home Prices

What Does the Rest of the Year Hold for Home Prices? Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year?

Read More

The US Homeownership Rate Is Growing

The U.S. Homeownership Rate Is Growing The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To

Read More