What You Need To Know About Selling in a Sellers’ Market!

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?

Sellers market

Hometown Realty Selling in a Sellers Market Infographic

What Is a Sellers’ Market?
The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.

Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory (see graph below):

Ryan Coleman Hometown Realty Monthly Housing Inventory

Ryan Coleman Hometown Realty Monthly Housing Inventory

What Does This Mean for You When You Sell?
When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final price of your house up.

And because mortgage rates and home prices are climbing, serious buyers are motivated to make their purchase soon, before those two things rise further. That means, if you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.

Bottom Line
Currently the Knoxville market has incredible opportunities for homeowners looking to make a move. Listing your house this season means you’ll be in front of serious buyers who are ready to buy. Reach out to your Hometown Experts at the best time of your convenience and we will be happy to help you through the buying or selling process!
865-693-SOLD (7653)

Hometown realty ryan coleman east tennessee real estate

Real Estate With Ryan
🎙 Join Ryan Coleman Broker/Owner of Hometown Realty and host of REWR every Saturday @ 11am on Talk Radio 92.3 / AM 760 WETR and at 1pm on News Talk 98.7 🎙⁠

Be sure to download the Talk Radio and News Talk apps to listen on the go!
Talk Radio: https://apple.co/37q7lAu
News Talk: https://apple.co/3aHkXth

You can watch past live streams on other Social Media channels:⁠
YouTube: https://bit.ly/3gkhS3U
Facebook: https://bit.ly/3l67kJd
Soundcloud: https://bit.ly/32bvkC9
Apple Podcast: https://apple.co/3j7aomn
Google Podcast: https://bit.ly/3gcSXiE


Did you know Hometown Realty is a proud sponsor of the University of Tennessee Volunteers! 🍊

Flipping into game-day here in Knoxville! The Volunteers will be taking on the Georgia Bulldogs tonight @ 7:00 in Lindsey Nelson Stadium! GO BIG ORANGE! 🍊🍊

Check out this article next

Is It Enough To Offer Asking Price in Today’s Knoxville Housing Market?

Is It Enough To Offer Asking Price in Today’s Knoxville Housing Market?

If youre planning to buy a home this season, youre probably thinking about what youll need to do to get your offer accepted. In previous…

Read Article
About the Author
Ryan Coleman
Ryan is from Richmond Virginia and attended college here in Knoxville Tennessee. He is married to his beautiful wife April, they have one daughter and one son who reside in Knoxville. Ryan is a highly trained, knowledgeable Real Estate Broker and Investor (owning both Residential Investment & Commercial Real Estate). For over 20 years, Ryan has spent much of his time helping buyers and sellers find their perfect dream home, devoting his personal attention during the entire transaction until and beyond closing.