If you’re thinking about selling your home, here’s the first thing you should know: it’s still a strong market for sellers. For more than two years, homeowners have been in an advantageous position, often receiving top dollar for their properties—and sometimes even offers above asking price. It’s a straightforward principle of economics: when demand outweighs supply, prices tend to rise.
Low Inventory Keeps Sellers in Control
One of the biggest drivers of today’s seller-friendly market is limited housing inventory. During the pandemic, many people reassessed their lifestyles, deciding to relocate, downsize, or make cross-country moves. This surge in demand meant homes—especially mid-priced ones—moved quickly.
Although inventory has increased somewhat compared to last year, it remains lower than what was typical before 2020. That ongoing shortage continues to work in sellers’ favor.
Putting Interest Rates in Perspective
Yes, mortgage interest rates have climbed compared to a few years ago. But in the big picture, they remain historically low. Consider this:
- Around the year 2000, the average interest rate topped 8%.
- In the early 1980s, it was closer to 18%.
By comparison, today’s rates are still relatively affordable, and buyers are eager to purchase before they rise further.
What This Means for Sellers
Right now, your home is one of the most sought-after assets on the market. Multiple-offer scenarios are still common, and buyers are motivated to make competitive bids.
That said, sellers shouldn’t become complacent. As the market moves toward a more balanced state, curb appeal and presentation matter more than ever. Fresh paint, well-kept landscaping, and minor repairs can make the difference between a fast sale at a strong price—or being overlooked.
The Bottom Line
While the housing market may be evolving, sellers continue to hold a favorable position. With demand still strong and inventory limited, homeowners who prepare their properties thoughtfully are well positioned to attract motivated buyers and secure excellent offers.
