[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2h7js5ulkr2el":3,"$f2emv3tus0uf1":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"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":29,"updatedAt":30},4333,"perspective-matters-when-selling-your-house-today","Perspective Matters When Selling Your House Today","Does the latest news about the housing market have you questioning your plans to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F29\u002Fif-youre-thinking-of-selling-your-house-this-fall-hire-a-pro\u002F\">sell your house\u003C\u002Fa>? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F14\u002Fis-the-real-estate-market-slowing-down-or-is-this-a-housing-bubble\u002F\">the shift\u003C\u002Fa> that’s happening today and why it’s still a sellers’ market even during the cooldown.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105727\u002F20221013-KCM-Share.jpg","Does the latest news about the housing market have you questioning your plans to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F29\u002Fif-youre-thinking-of-selling-your-house-this-fall-hire-a-pro\u002F\">sell your house\u003C\u002Fa>? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F14\u002Fis-the-real-estate-market-slowing-down-or-is-this-a-housing-bubble\u002F\">the shift\u003C\u002Fa> that’s happening today and why it’s still a sellers’ market even during the cooldown.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Fewer Homes for Sale than Pre-Pandemic\u003C\u002Fstrong>\u003C\u002Fh4>\r\nWhile the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market. A \u003Ca href=\"https:\u002F\u002Fwww.calculatedriskblog.com\u002F2022\u002F10\u002Fhousing-october-10th-weekly-update.html\">recent article\u003C\u002Fa> from \u003Cem>Calculated Risk\u003C\u002Fem> helps put this year’s increased inventory into context (\u003Cem>see graph below\u003C\u002Fem>):\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105728\u002F20221013-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-47295\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105728\u002F20221013-MEM-Eng-1.png\" alt=\"Perspective Matters When Selling Your House Today | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nIt shows supply this year has surpassed 2021 levels by over 30%. But the further back you look, the more you’ll understand the big picture. Compared to 2020, we’re just barely above the level of inventory we saw then. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 40% below the housing supply we had at that time.\r\n\r\n\u003Cstrong>\u003Cem>Why does this matter to you?\u003C\u002Fem>\u003C\u002Fstrong> When inventory is low, there is still demand for your house because there just aren’t enough homes available for sale.\r\n\u003Ch4>\u003Cstrong>Homes Are Still Selling Faster Than More Normal Years\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAnd while homes aren’t selling as quickly as they did a few months ago, the average number of days on the market is still well below pre-pandemic norms – in large part because inventory is so low. The graph below uses data from the \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-08-realtors-confidence-index-09-21-2022.pdf\">\u003Cem>Realtors’ Confidence Index\u003C\u002Fem>\u003C\u002Fa> by the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) to illustrate this trend:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105722\u002F20221013-MEM-Eng-2.png\">\u003Cimg class=\"aligncenter wp-image-47292\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105722\u002F20221013-MEM-Eng-2.png\" alt=\"Perspective Matters When Selling Your House Today | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nAs the graph shows, the pre-pandemic numbers (\u003Cem>shown in blue\u003C\u002Fem>) are higher than the numbers we saw during the pandemic (\u003Cem>shown in green\u003C\u002Fem>). That’s because the average days on the market started to decrease as homes sold at record pace during the pandemic. Most recently, due to the cooldown in the housing market, the average days on the market have started to tick back up slightly (\u003Cem>shown in orange\u003C\u002Fem>) but are still far below the pre-pandemic norm.\r\n\r\n\u003Cstrong>\u003Cem>What does this mean for you?\u003C\u002Fem>\u003C\u002Fstrong> While it may not be as fast as it was a couple of months ago, homes are still selling much faster than they did in more normal, pre-pandemic years. And if you price it right, your home could still go under contract quickly.\r\n\u003Ch4>\u003Cstrong>Buyer Demand Has Moderated and Is Now in Line with More Typical Years\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBuyer demand has softened this year in response to rising \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F27\u002Fhow-an-expert-can-help-you-understand-inflation-mortgage-rates\u002F\">mortgage rates\u003C\u002Fa>. But again, perspective is key. Getting 3-5 offers like \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F21\u002Ftop-reasons-homeowners-are-selling-their-houses-right-now\u002F\">sellers\u003C\u002Fa> did during the pandemic isn’t the norm. The graph below uses \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2022-08-realtors-confidence-index-09-21-2022.pdf\">data\u003C\u002Fa> from NAR going back to 2018 to help tell the story of this shift over time (\u003Cem>see graph below\u003C\u002Fem>):\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105724\u002F20221013-MEM-Eng-3.png\">\u003Cimg class=\"aligncenter wp-image-47293\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105724\u002F20221013-MEM-Eng-3.png\" alt=\"Perspective Matters When Selling Your House Today | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nPrior to the pandemic, it was typical for homes sold to see roughly 2-2.5 offers (\u003Cem>shown in blue\u003C\u002Fem>). As the market heated up during the pandemic, the average number of offers skyrocketed as record-low mortgage rates drove up demand (\u003Cem>shown in green\u003C\u002Fem>). But most recently, the number of offers on homes sold today (\u003Cem>shown in orange\u003C\u002Fem>) has started to return to pre-pandemic levels as the market cools from the frenzy.\r\n\r\n\u003Cstrong>\u003Cem>What’s the takeaway for you?\u003C\u002Fem>\u003C\u002Fstrong> Buyer demand has moderated from the pandemic peak, but it hasn’t disappeared. The buyers are still out there, and if you \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F09\u002Fselling-your-house-your-asking-price-matters-more-now-than-ever\u002F\">price your house\u003C\u002Fa> at current market value, you’ll still be able \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F19\u002Fwill-my-house-still-sell-in-todays-market\u002F\">sell your house\u003C\u002Fa> today.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you have questions about selling your house in today’s housing market, let’s connect. That way you have context around what’s happening now, so you’re up to date on what you can expect when you’re ready to move.","\r\nIf you have questions about selling your house in today’s housing market, let’s connect. That way you have context around what’s happening now, so you’re up to date on what you can expect when you’re ready to move.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F12105728\u002F20221013-MEM-Eng-1.png",false,[17,21,25],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},38,"Move-Up","move-up","2022-10-13T10:00:42Z","2023-02-03T15:33:46Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4331,"four-things-that-help-determine-your-mortgage-rate","Four Things That Help Determine Your Mortgage Rate","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F11132009\u002F20221012-KCM-Share.jpg","2022-10-12T10:00:52Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4340,"tips-for-first-time-homebuyers-infographic","Tips For First-Time Homebuyers [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F10\u002F13123202\u002F20221014-KCM-Share.png","2022-10-14T10:00:49Z",{"cover":44,"open":45,"shareSpread":46},"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",[48,52,56,57,61,65,66,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":53,"name":54,"slug":55},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},11,"First-Time Buyers","first-time-buyers",{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]