You may be wondering if now is even a good time to sell if you’ve seen headlines stating that home sales are lower than they were the previous year.
The problem is this. It’s true that the market is moving more slowly now than it did a few years ago, but that doesn’t mean anything. Things are getting back to normal. Furthermore, normal does not imply that nothing is occurring. Homes are still selling, and there are still buyers out there.
Why? Because ideal circumstances don’t exist in real life. People always have to make purchases, and this year is no different. Regardless of mortgage rates, buyers who are going through a significant life transition—such as getting married, starting a family, or changing jobs—still need to relocate. Additionally, they might be searching for a house similar to yours.
Every Minute 8 Homes Sell
Using the most recent National Association of Realtors (NAR) sales data, let’s dissect it. We are on track to sell 4.03 million homes this year (excluding new construction) if we continue at our current rate.
- 4.03 million homes ÷ 365 days = 11,041 homes sell per day
- 11,041 homes ÷ 24 hours = 460 homes sell per hour
- 460 homes ÷ 60 minutes = roughly 8 homes sell every minute
This implies that eight more homes will sell in the time it takes to read this. Take a moment to process that. Buyers and sellers are making moves and closing deals every minute.
The Right Agent Makes All the Difference
Let this reassure you if you have been putting off selling your home because you believe there are no buyers out there: there are still buyers out there.
However, selling today involves more than just posting a sign in the yard because the market is balancing out. You must properly price your home, market it, and figure out how to get in front of buyers who are prepared to take action. A reliable local agent can help with that.
They will walk you through every step, help you position your house to stand out, and help you navigate this market.
Bottom Line
The market is still going strong. Purchases are still being made. There is still life. And you can sell your house if that’s part of your next chapter.
Every day, about 11,000 homes are sold; yours might be the next. When you’re prepared to move forward, get in touch with a reputable local real estate agent so that they can help you develop the ideal plan.