What Increasing Listings Mean for Your Home Sale
The number of homes for sale is a key factor in today’s housing market. If you’re considering selling your home, the current low supply of homes is one of your biggest advantages. When inventory is limited, your property stands out more—especially when it’s priced right and presented well.
However, the housing supply is gradually increasing. According to the latest data from Realtor.com, new listings (homes recently put on the market) are trending upward:
“Sellers entered the market in greater numbers this May, as newly listed homes were up 15.5% compared to last year. This marks the fifth consecutive month of increasing listing activity following a 17-month decline.”
What This Means for You as a Seller
If you’ve been holding off on selling your home, now might be the perfect time to act—before your neighbors decide to list. While we’re not heading into an oversupply of homes, every new listing in your area increases competition, which could pull potential buyers’ attention away from your property.
For example, if your neighbor decides to sell their home, buyers who might have been interested in your property could choose theirs instead. You want your home to remain the standout option in your neighborhood.
How to Stay Competitive
Partnering with a skilled real estate agent can make all the difference. An experienced agent will help you prepare your home to hit the market, highlight the features today’s buyers want most, and price it competitively to attract serious offers. This ensures your home garners maximum attention and appeals to prospective buyers, giving you the edge over other listings.
Why Act Now
If you’re ready to sell, this is an opportune moment to capitalize on the market’s dynamics. While housing supply is still low, it’s steadily growing, offering you more choices for your next home. At the same time, listing now ensures your property has the spotlight before additional competition arises in your area.
Even though inventory remains below historical norms, waiting too long could result in a crowded market in your neighborhood. Acting quickly allows you to benefit from the current conditions while staying ahead of increasing competition.