[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1nt0sgi61sba3":3,"$f2emv3tus0uf1":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},4247,"what-sellers-need-to-know-in-todays-housing-market","What Sellers Need To Know in Today’s Housing Market","If you’re thinking about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F18\u002Fwondering-where-youll-move-if-you-sell-your-house-today\u002F\">selling your house\u003C\u002Fa>, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F22152756\u002F20220823-KCM-Share.jpg","If you’re thinking about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F18\u002Fwondering-where-youll-move-if-you-sell-your-house-today\u002F\">selling your house\u003C\u002Fa>, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why.\u003C!--more-->\r\n\r\nAs Lawrence Yun, Chief Economist at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-slid-5-4-in-june\">says\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“\u003C\u002Fem>\u003Cstrong>\u003Cem>Homes priced right are selling very quickly\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>, but homes priced too high are deterring prospective buyers.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIt’s true buyer demand has slowed over the past few months as higher mortgage rates made it more expensive to buy a home. The result is fewer \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F10\u002Fis-the-shifting-market-a-challenge-or-an-opportunity-for-homebuyers\u002F\">bidding wars\u003C\u002Fa> and less competition among buyers (\u003Cem>see visual below)\u003C\u002Fem>:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F22152758\u002F20220823-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-47045\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F22152758\u002F20220823-MEM-Eng-1.png\" alt=\"What Sellers Need To Know in Today’s Housing Market | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nBut don’t forget – that’s compared to the severely overheated market we saw over the past two years. According to the latest \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-07-realtors-confidence-index-08-18-2022.pdf\">\u003Cem>Confidence Index\u003C\u002Fem>\u003C\u002Fa> from NAR:\r\n\u003Cblockquote>\u003Cem>“. . . 39% of homes sold above list price, down from 51% a month ago and 50% a year ago.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhile this is a slower pace than even one month ago, serious buyers are still actively in the market, and they’re buying homes that are priced right. In fact, the \u003Cem>Confidence Index\u003C\u002Fem> also notes the average home is selling in just 14 days.\r\n\r\nIf you’re aiming to sell your house, be sure you’re working with your agent to price it for today’s housing market. As buyer demand softens, it’s important to understand this isn’t the same market as last year. It’s not even the same market as just a few months ago. But it is still a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F04\u002Fwhy-its-still-a-sellers-market\u002F\">sellers’ market\u003C\u002Fa>.\r\n\r\nIf you’re ready to sell your house, seek the advice of a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F07\u002F28\u002Fa-real-estate-professional-helps-you-separate-fact-from-fiction\u002F\">real estate professional\u003C\u002Fa>. In some cases, you’ll need to adjust your expectations accordingly to meet the market where it is today. Selma Hepp, Interim Lead, Deputy Chief Economist at \u003Cem>CoreLogic\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fintelligence\u002Fu-s-home-price-insights-august-2022\u002F\">explains\u003C\u002Fa> what’s happening and what it means when you sell:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Signs of a broader slowdown in the housing market are evident\u003C\u002Fstrong>, . . . This is in line with our previous expectations and given the notable cooling of buyer demand due to higher mortgage rates. . . . \u003Cstrong>Nevertheless, buyers still remain interested, which is keeping the market competitive — particularly for attractive homes that are properly priced\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhile the housing market has cooled from its overheated frenzy, it’s still a sellers’ market. Let’s connect so you understand what’s happening with buyer demand and home prices in our local area as you get ready to enter the market.","\r\nWhile the housing market has cooled from its overheated frenzy, it’s still a sellers’ market. Let’s connect so you understand what’s happening with buyer demand and home prices in our local area as you get ready to enter the market.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F22152758\u002F20220823-MEM-Eng-1.png",false,[17,21],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices","2022-08-23T10:00:35Z","2023-02-03T15:33:57Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},4245,"3-tips-for-buying-a-home-today","3 Tips for Buying a Home Today","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F18150329\u002F20220822-KCM-Share.jpg","2022-08-22T10:00:17Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},4248,"why-todays-housing-inventory-proves-the-market-isnt-headed-for-a-crash","Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F08\u002F23093855\u002F20220824-KCM-Share.jpg","2022-08-24T10:00:15Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[44,48,52,53,57,61,62,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":49,"name":50,"slug":51},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},11,"First-Time Buyers","first-time-buyers",{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]