I would like to welcome you to my comprehensive Alaska real estate website. You'll find information on buying and selling in Anchorage, Wasilla, Eagle River, Palmer, Girdwood, and Chugiak.

On the Fence of Whether or Not To Move This Spring? Here's What You Should Consider

Dated: April 29 2022

Views: 90

On the Fence of Whether or Not To Move This Spring? Consider This.

On the Fence of Whether or Not To Move This Spring? Consider This. | MyKCM

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.

Today, there are far more buyers looking for homes than sellers listing their houses. Here are the maps of the latest buyer and seller traffic from the National Association of Realtors (NAR) to help paint the picture of what this looks like:

On the Fence of Whether or Not To Move This Spring? Consider This. | MyKCM

Notice how much darker the blues are on the left. This shows buyer traffic is strong today. In contrast, the much lighter blues on the right indicate weak or very weak seller traffic. In a nutshell, the demand for homes is significantly greater than what’s available to purchase. 

What That Means for You

You have an incredible advantage when you sell your house under these conditions. Since buyer demand is so high at a time when seller traffic is so low, there’s a good chance buyers will be competing for your house.

According to NAR, in February, the average home sold got 4.8 offersWhen buyers have to compete with one another like this, they’ll do everything they can to make their offer stand out. This could play to your favor and mean you’ll see things like waived contingencies, offers over asking price, earnest money deposits, and more. Selling when demand is high and supply is low sets you up for a big win.

If you’re also looking to buy a house, you may be tempted to focus more on just the seller traffic map and wonder if it means you’ll have trouble finding your next home. But remember this: perspective is key. As Danielle Hale, Chief Economist at realtor.comsays:

The limited number of homes for sale is a lesson in perspective. This same stat that frustrates would-be homebuyers also means that today’s home sellers enjoy more limited competition than last year’s home sellers.”

If you look at the big picture, the opportunity you have as a seller today is unprecedented. Last year was a hot sellers’ market. This year, inventory is even lower, and that means an even bigger opportunity for you. Even though finding your next home in a market with low inventory can be challenging, is that concern worth passing on some of the best conditions sellers have ever seen?

As added peace of mind, remember real estate professionals have been juggling this imbalance of supply and demand for nearly two years, and they know how to help both buyers and sellers find success when they move. A skilled agent can help you capitalize on the great opportunity you have as a seller today and guide you through the buying process until you find the perfect place to call your next home.

Bottom Line

If you’re ready to move, you have an incredible opportunity in front of you today. Trust the experts. Let’s connect so you have expertise on your side that can help you win when you sell and when you buy.

 
ANCHORAGE HOMES FOR SALE
SEARCH ALL HOMES FOR SALE
GET PREQUALIFIED
WHAT IS YOUR HOME WORTH?
HOW MUCH HOME CAN YOU AFFORD
FREE GUIDE TO BUYING A HOME
FREE GUIDE TO SELLING YOUR HOME
VISIT MY BLOG
 
 
Yvette Belisle
eXp Realty LLC
Associate Broker/REALTOR®
907-868-2811
Office:
907-519-0095x108
Licensed In: Alaska
License #: 17864
Contact Me

You Can Also Visit Us At:  Facebook Twitter LinkedIn Youtube Instagram
 

Blog author image

Yvette Belisle

I am a lifelong resident of Alaska and have lived in the Anchorage area for over 30+ years. I grew up in the Anchorage bowl and have knowledge of many parts of the city which have added in aiding my c....

Latest Blog Posts

Strength of Homeowers Today

The True Strength of Homeowners TodayThe real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and

Read More

Selling checklist

Fall Home Selling Checklist [INFOGRAPHIC]Some HighlightsWhen it comes to selling your house, you want it to look its best inside and out so it catches the attention of buyers. A real estate

Read More

My House Still Sell in Today's Market?

Will My House Still Sell in Today’s Market?If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here

Read More

Three Things Buyers Can Do

Three Things Buyers Can Do in Today’s Housing MarketIt’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more

Read More