Leave a Message

Thank you for your message. We will be in touch with you shortly.

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

March 30, 2023

Real Estate Tips

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

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 can be a great time for homeowners ready to make a move. Listing your house now will maximize your exposure to serious, competitive buyers. Connect with a local real estate professional to jumpstart the selling process.

 

(2023, March 30). We’re in a Sellers’ Market. What Does That Mean? Keeping Current Matters. https://www.keepingcurrentmatters.com/2023/03/30/were-in-a-sellers-market-what-does-that-mean/

Explore Our Other Blogs

Stay Updated On Our Most Recent Blog Posts

Should You Wait to Buy An Honest June 2025 Take for San Jose’s Evergreen & Silver Creek

Buyer's Real Estate Tips

Should You Wait to Buy? An Honest Take for San Jose’s Evergreen & Silver Creek

Brian Ng  |  July 14, 2025

Should You Wait to Buy? An Honest Take for San Jose’s Evergreen & Silver Creek
Where’s the Cheapest Place to Live in San Jose? Neighborhoods & Rental Insights

Real Estate

Where’s the Cheapest Place to Live in San Jose? Neighborhoods & Rental Insights

Brian Ng  |  July 14, 2025

Where’s the Cheapest Place to Live in San Jose? Neighborhoods & Rental Insights
How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs

Buyer's Real Estate Tips

How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs

Brian Ng  |  July 11, 2025

How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs
Beyond the Summer Rush Plan Your Late 2025Early 2026 San Jose Real Estate Strategy with a Realtor You Trust

Real Estate

Beyond the Summer Rush: Plan Your Late 2025/Early 2026 San Jose Real Estate Strategy with a Realtor You Trust

Brian Ng  |  July 11, 2025

Beyond the Summer Rush: Plan Your Late 2025/Early 2026 San Jose Real Estate Strategy with a Realtor You Trust
Interest Rate Realities (June 2025) What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor

Real Estate

Interest Rate Realities What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor

Thao Dang Pham  |  July 10, 2025

Interest Rate Realities What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor
Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown

Real Estate

Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown

Thao Dang Pham  |  July 10, 2025

Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown

Let's Talk

You’ve got questions and we can’t wait to answer them.

FOLLOW US ON INSTAGRAM