Lately, recession talk has been everywhere. And with economic uncertainty in the air, a lot of people are wondering:👉 What would a recession mean for the housing market in San Antonio, New
Dated: April 12 2023
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Are you thinking about selling your house in San Antonio, TX or the surrounding areas like Champions Ridge, North San Antonio, or Stone Oak? Well, now may be the perfect time to do so! According to recent reports from HousingWire and the National Association of Realtors (NAR), the housing inventory is at an all-time low, making it a seller's market.
The NAR states that the total housing inventory at the end of February was 980,000 units, which is identical to January but up 15.3% from one year ago. However, the unsold inventory sits at a mere 2.6-month supply at the current sales pace, down 10.3% from January but up from 1.7 months in February 2022. In a balanced market, a six-month supply is considered normal, so the current low inventory levels indicate a strong seller's market.
So, why does low inventory make it a good time to sell? Well, with fewer homes available for sale, you'll face less competition from other sellers. This means that your house is likely to receive more attention from the buyers in the market this spring. In fact, if your house is priced well and move-in ready with curb appeal in desirable areas like Champions Ridge, North San Antonio, or Stone Oak, you may even receive multiple offers, sparking a bidding war among buyers.
A bidding war can give you the advantage as a seller, allowing you to sell your house on your terms and potentially even above the asking price. However, it's important to work with an expert real estate advisor who can help you navigate the current market conditions and maximize your selling opportunity.
If you've been waiting for the right time to sell your house, now may be the perfect moment. Don't miss out on this favorable market for sellers. Reach out to a local real estate professional today to ensure your house is ready to sell. You can schedule a call with David A. Beere, a trusted real estate advisor, through this link: https://calendly.com/david-a-beere. You can also get updates on your home equity growth by clicking HERE
Don't wait any longer to take advantage of the low inventory and favorable selling conditions in San Antonio, TX, and the surrounding areas. Contact David A. Beere today to start the process of selling your home and making the most of the current market.
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