{"id":13011,"date":"2024-06-03T18:17:20","date_gmt":"2024-06-03T18:17:20","guid":{"rendered":"https:\/\/www.sellfor1percent.com\/?p=13011"},"modified":"2024-06-04T20:08:21","modified_gmt":"2024-06-04T20:08:21","slug":"sellers-market-but-moving-toward-balance","status":"publish","type":"post","link":"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/","title":{"rendered":"Sellers Market but Moving Toward Balance"},"content":{"rendered":"

In the dynamic world of real estate, headlines are constantly shifting: “Mortgage rates soar above 7%!”, “Home prices drop!”, “Housing stock hits a four-year high!”. These fluctuating reports can make it difficult for both homebuyers and sellers to understand the current landscape. However, by examining key data, we can discern who currently holds the advantage. Despite recent changes, the market still favors sellers, though balance is slowly being restored.<\/p>

Current Overview<\/h2>

A Hint of Balance<\/h3>

The real estate market today continues to lean towards sellers, albeit less aggressively than during the red-hot COVID-19 pandemic period. As Realtor.com\u00ae senior economic research analyst Hannah Jones states, \u201cThe market is still leaning toward a seller\u2019s market, but has gained balance since the pandemic.\u201d<\/p>

Key Factors Determining Market Control<\/h3>

The balance between buyers and sellers is primarily determined by the supply and demand of homes. In a buyer’s market, there is a surplus of homes, providing buyers with more options and bargaining power. Conversely, a seller’s market features limited housing stock, giving sellers the upper hand. Typically, a market with more than a five-month supply of homes indicates a seller’s benefit, a five- to seven-month supply signals a balanced market, and anything beyond seven months suggests a buyer’s market.<\/p>

Current Housing Supply<\/h3>

As of April, the housing supply data showed that new- and existing-home sales, along with overall housing stock levels, were at a four-month mark\u2014the highest since March 2019. While this is encouraging for buyers, the total housing supply remains 35.9% below typical levels observed from 2017 to 2019. New-home inventory is contributing positively to the overall home supply, edging closer to balance. However, it’s important to note that only about 1 in 5 new homes for sale is completed, meaning many of these homes are not move-in ready.<\/p>

\"\"<\/figure>

Historical Context and Trends<\/h2>

The Last Buyer\u2019s Market<\/h3>

The last notable buyer’s market occurred in early 2012, a year marked by the release of the first “Avengers” movie and the London Olympics. At that time, the housing stock was slightly over a seven-month supply, highlighting a period where supply outweighed demand. Since then, the market has predominantly favored sellers. According to Realtor.com Chief Economist Danielle Hale, the market is now moving “toward balance” with more than a five-month supply of homes\u2014a scenario not seen since early 2019.<\/p>

Challenges for Sellers<\/h2>

Complicated Seller’s Market Dynamics<\/h3>

Even though today’s conditions favor sellers, selling a home is not without its challenges. Most sellers hold mortgages with lower rates than current rates, which means selling could lead to purchasing a higher-priced home and taking on a higher-rate mortgage. Additionally, high listing prices are a concern for both buyers and sellers. In April, the median home price hit $430,000. These high prices, coupled with elevated mortgage rates, force sellers to carefully consider the pros and cons of selling their property.<\/p>

Feeling Like Market Purgatory<\/h3>

Real estate can often feel like a state of “purgatory” for both buyers and sellers due to conflicting signals from economic data and personal perceptions. Although the economy is growing, unemployment is low, and people are spending, consumer confidence remains low. This dissonance creates a confusing environment for those looking to buy or sell a home.<\/p>

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Real Estate Flat Illustration Design<\/figcaption><\/figure>

Conclusion<\/h2>

Navigating the current housing market requires staying informed about the latest data and understanding the nuanced balance between supply and demand. While the market still leans towards sellers, the gradual move toward balance offers hope for buyers as well.<\/p>

Call to Action: Partner with Sell for 1 Percent Realtors<\/h3>

At Sell for 1 Percent Realtors, we leverage cutting-edge technology to provide full-service brokerage at just a 1% commission. This approach allows us to pass significant savings directly to our clients. Whether you’re looking to buy or sell, our expert team is here to guide you through today\u2019s dynamic real estate market. Connect with us to explore how you can maximize your real estate investment and benefit from our innovative services.<\/p>

\"give<\/a><\/figure>","protected":false},"excerpt":{"rendered":"

In the dynamic world of real estate, headlines are constantly shifting: “Mortgage rates soar above 7%!”, “Home prices drop!”, “Housing<\/p>\n","protected":false},"author":25,"featured_media":13012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144],"tags":[],"class_list":["post-13011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-market"],"yoast_head":"\nSellers Market but Moving Toward Balance - Sell For 1 Percent<\/title>\n<meta name=\"description\" content=\"These fluctuating reports can make it difficult for both homebuyers and sellers to understand the current market landscape.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sellers Market but Moving Toward Balance - Sell For 1 Percent\" \/>\n<meta property=\"og:description\" content=\"These fluctuating reports can make it difficult for both homebuyers and sellers to understand the current market landscape.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/\" \/>\n<meta property=\"og:site_name\" content=\"sellfor1percent\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/sellfor1\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-03T18:17:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-04T20:08:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sellfor1percent.com\/wp-content\/uploads\/2024\/06\/shutterstock_2377670513-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1472\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sell for 1 Percent\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sell for 1 Percent\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/\",\"url\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/\",\"name\":\"Sellers Market but Moving Toward Balance - Sell For 1 Percent\",\"isPartOf\":{\"@id\":\"https:\/\/www.sellfor1percent.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sellfor1percent.com\/wp-content\/uploads\/2024\/06\/shutterstock_2377670513-scaled.jpg\",\"datePublished\":\"2024-06-03T18:17:20+00:00\",\"dateModified\":\"2024-06-04T20:08:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.sellfor1percent.com\/#\/schema\/person\/38feeeb1255b7a539509cedf7eff5c65\"},\"description\":\"These fluctuating reports can make it difficult for both homebuyers and sellers to understand the current market landscape.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sellfor1percent.com\/sellers-market-but-moving-toward-balance\/#primaryimage\",\"url\":\"https:\/\/www.sellfor1percent.com\/wp-content\/uploads\/2024\/06\/shutterstock_2377670513-scaled.jpg\",\"contentUrl\":\"https:\/\/www.sellfor1percent.com\/wp-content\/uploads\/2024\/06\/shutterstock_2377670513-scaled.jpg\",\"width\":2560,\"height\":1472,\"caption\":\"This market has been to the benefit of the seller for a long time, but now the scales are finally evening out. 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