The Importance of a Seller's Agent in Today's Market
07When the amount of available housing inventory for sale is lower, real estate analysts and experts generally say that this creates a market that is favorable to sellers — leading to higher sales prices, less time spent on market, and more competition among buyers for available homes.
This situation is largely reflective of the market conditions that we are experiencing right now. According to data from the National Association of REALTORS® March 2021 Existing-Home Sales Report, nationwide inventory levels continue to sit near record lows, with roughly a 2.1-month supply of unsold inventory at the current sales pace — down from 3.3 months at the same period a year earlier, and far below the 6-7 month benchmark that has historically signified a balanced or neutral market. As a result, homes are spending less time on the market on the average, generating more multiple-offer scenarios, and fetching higher sales prices — with the nationwide median sales price up by 17.2 percent year over year, as of March 2021.
This snapshot suggests that now is an attractive time for sellers who have been considering making their move to act. With that said, even in a favorable market, sellers should still do everything in their power to make the selling process easier, faster, and more lucrative — particularly bringing on the services of a local real estate expert.



