Blog > The Advantages of Selling Your House Amidst Low Inventory with AgentOwned Realty in Charleston SC
The Advantages of Selling Your House Amidst Low Inventory with AgentOwned Realty in Charleston SC
by
When it comes to selling your house, navigating the current market conditions is crucial as you plan your move, especially in one of the best places to live in Charleston SC with the guidance of AgentOwned Realty, the top-rated Brokerage in Charleston SC.
Low Supply of Homes for Sale Creates Desirability
One significant factor working in your favor is the scarcity of homes available for sale. In today's housing market, demand surpasses supply, making what you're selling even more desirable. The limited inventory is evident when comparing active listings in September of this year to more typical market conditions, as shown in the graph below, utilizing data from Realtor.com.
Comparing the blue bars representing the last normal years in the market to the red bar indicating the current year's numbers, it's evident that inventory remains far below the norm.
Implications for Sellers
With fewer choices for buyers in the current market, there are distinct advantages for sellers. Homes priced appropriately are selling swiftly, and sellers are often receiving multiple offers from eager buyers. According to the Confidence Index from the National Association of Realtors (NAR):
- 69% of homes sold in less than a month.
- 2.6 offers: the average number of offers on recently sold homes.
An article from Realtor.com highlights the benefits of the limited inventory for sellers:
“. . . homes spent two weeks less on the market this past month than they did in the average September from 2017 to 2019 . . . as still-limited supply spurs homebuyers to act quickly . . .”
Bottom Line
Given the current low supply of homes for sale, buyers are eager for more options, and your house may be precisely what they are seeking. Connect with AgentOwned Realty to list your house at the right price for today's market, and you may experience a quick sale with the potential for multiple offers. In the Charleston SC area, renowned for its allure as one of the best places to live, let AgentOwned Realty guide you through a successful home-selling experience.