(864) 205-7653
info@gsp-homes.com
  • Facebook
  • Instagram
  • Login
  • My Account
  • Signup
Team Matsuda Realtors

Team Matsuda Realtors

  • Search
    • Custom Search
    • Map Search
    • Open Houses
    • Email Alerts
  • Neighborhoods
    • Spartanburg SC
    • Greenville SC
  • Buyers
    • Mortgage Calculator
  • Sellers
    • Home Value Estimation Calculator
    • How to Increase Your Homes Value
  • Blog
    • Local Activities
    • Selling a Home
    • Buying a Home
    • Real Estate Videos
    • Real Estate News
  • Meet Team Matsuda Realtors
  • Reviews
  • Contact
Advanced Search
Home Valuation

Why Right Now May Be the Time to Sell Your House

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

Get your Instant Home Value in the Free Report

According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:

As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.

NAR also just reported that the actual number of homes currently for sale stands at 1.28 million, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply available at the current sales pace. In a normal market, that number would be 6.0 months of inventory – significantly higher than it is today.

What does this mean for buyers and sellers?

Buyers need to remain patient in the search process. At the same time, they must be ready to act immediately once they find the right home since bidding wars are more common when so few houses are available for sale.

Sellers may not want to wait until spring to put their houses on the market, though. With such high buyer demand and such a low supply, now is the perfect time to sell a house on optimal terms.

Bottom Line

The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.

Free Home Value Calculator

Ask Us Anything!

Team Matsuda Realtors are your local expert real estate agents in the Upstate of South Carolina. Considering buying or selling a house in Greenville or Spartanburg?

Call or text Team Matsuda at (864) 205-7653, lets grab a coffee and talk about how we can help you reach your real estate goals. Check out our Facebook page!

Filed Under: Real Estate News, Selling a Home

Navigation

  • Home Search
  • Home Valuation
  • Buying a Home
  • Selling a Home
  • Reviews
  • Contact

Blog Categories

Communities

  • Greenville
  • Spartanburg

Just Listed

Search Tools

  • Basic Search
  • Advanced Search
  • Map Search
  • MLS Number
  • Address Search
  • Open Homes
  • New Listing Email Alerts
  • Home Valuation

Account Tools

  • My Account
  • Sign Up
  • Login

Team Matsuda

Realty One Group

864-205-SOLD (7653)
info@gsp-homes.com

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Stacey Matsuda, SC License #37585
Olivia Matsuda, SC License #10219

Realtor | Equal Housing Opportunity

Team Matsuda Realtors, KW Greenville Upstate BBB Business Review

Another BREW by Ballen Brands