• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Classic Homes Realty of Atlanta

Classic Homes Realty of Atlanta

Real Estate Sales, Buying, and Leasing in Georgia

  • HOME
  • Find A Home
    • Search For Sale By City
    • Basement Homes For Sale
      • Basements in Buford
      • Basements in Dacula
      • Basements in Duluth
      • Basements in Grayson
      • Basements in Lawrenceville
      • Basements in Lilburn
      • Basements in Loganville
      • Basements in Norcross
      • Basements in Snellville
      • Basements in Suwanee
    • Gated Communities
    • Lease Purchase
      • Overview
      • Search Lease Purchase Homes
  • About Us
  • Blog
  • Agent Login

We’re in a Sellers’ Market. What Does That Mean?

For Sellers|We’re in a Sellers’ Market. What Does That Mean?

March 31, 2023 by Classic Homes Realty of Atlanta

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?

It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes 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):

What Does This Mean for You?

When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find one to purchase. That creates increased competition among purchasers and keeps upward pressure on prices. And if buyers know they’re not the only one interested in a home, they’re going to do their best to submit a very attractive offer. As this happens, sellers are positioned to negotiate deals that meet their ideal terms. Lawrence Yun, Chief Economist at NAR, says:

“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”

Right now, there are still buyers who are ready, willing, and able to purchase a home. If you list your house right now in good condition and at the right price, it could get a lot of attention from competitive buyers.

Bottom Line

Today’s sellers’ market holds great opportunities for homeowners ready to make a move. Listing your house now will maximize your exposure to serious, competitive buyers. Let’s connect to discuss how to jumpstart the selling process.

For Sellers,  Housing Market Updates,  Market News For Buyers,  For Sellers,  Homes For Sale,  Housing Market Updates,  Sell your home

Let’s work together

Get in touch with us when you're ready to sell, buy, or lease your dream home.

Get Started Now

Footer

Real Estate Resources

  • Home Buying Resource
  • Home Selling Resource
  • Mortgage Calculator

Social

Follow along on social media.

  • Facebook
  • Twitter
  • YouTube

Contact Us

Classic Homes Realty of Atlanta

2180 Satellite Blvd
Suite 400
Duluth GA 30097
(770) 685-6968
info@chratlanta.com

Explore Cities

  • Alpharetta
  • Duluth
  • Grayson
  • Lawrenceville
  • Lilburn
  • Loganville
  • Norcross
  • Snellville
  • Suwanee
  • Buford

Copyright © 2023 | Classic Homes Realty of Atlanta | All rights reserved Site customized by AgentImpact.com