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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Why It’s Still a Seller’s Market Today

Why It’s Still a Seller’s Market Today Simplifying The Market

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there’s usually about a six-month supply. Today, we have only about 3 months’ supply of homes at the current sales pace (see graph below): 

As the visual shows, given the current inventory of homes, it’s still a seller’s market.

Today, we’re nowhere near what’s considered a balanced market. In fact, the current months’ supply is half of what’s typical of a normal market. That means there just aren’t enough homes to go around based on today’s buyer demand.

As Lawrence Yun, Chief Economist for NAR, says:

“There are simply not enough homes for sale. The market can easily absorb a doubling of inventory.”

How Does Being in a Seller’s Market Benefit You?

Sellers, these conditions give you a real edge. Right now, there are buyers who are ready, willing, and able to purchase a home. And, because there’s a shortage of homes up for sale, the ones that do hit the market are like magnets for those buyers.

If you work with a local real estate agent to list your house right now, in good condition, and at the right price, it could get a lot of attention. You might even end up with multiple offers.

Bottom Line

Today’s seller’s market sets you up with a big advantage when you sell your house. Because supply is so low, your house will be in the spotlight for motivated buyers who are craving more options. Connect with a local real estate agent so you understand what’s happening in your area as you get ready to enter the market.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
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$799,000
3
BEDS
2
TOTAL BATHS
1,841
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580 Rio Vista Avenue Daytona Beach, FL 32114
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Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
200 Hidden Hills Drive Ormond Beach FL 32174
New Listing - 4 hours on site
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$589,900
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200 Hidden Hills Drive Ormond Beach, FL 32174
Single Family Residence For Sale
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Get ready to fall in love with this spacious 2,429 sq ft home that's perfect for growing families and those who love to live big! Featuring 3 bedrooms, 3 full bathrooms, and a versatile flex room with French doors—there's space for a home office, pla

Listing courtesy of Brett Lambert of Signature Homes Realty Group
1051 Ocean Shore Boulevard 1103 Ormond Beach FL 32176
New Listing - 7 hours on site
1 / 36
$495,000
2
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1051 Ocean Shore Boulevard 1103 Ormond Beach, FL 32176
Condominium For Sale
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Experience breathtaking, unobstructed ocean views from this elegant 2-bedroom, 2-bathroom direct oceanfront residence, located on the 11th floor of the highly desirable Van Lee condominium. This beautifully maintained unit features tile flooring thro

Listing courtesy of Sarah Caudill of Florida Life Real Estate Group
1318 Riverside Drive Holly Hill FL 32117
New Listing - 7 hours on site
1 / 44
$1,050,000
3
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1318 Riverside Drive Holly Hill, FL 32117
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Boater's Paradise on the Halifax River - Custom Waterfront Retreat! Live the dream in this 2020 custom-built, hurricane-code home on the Halifax River. Located in a non-flood zone with riparian rights, enjoy a private covered dock with electric, wat

Listing courtesy of Mike Flannery of Venture Development Realty, Inc

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Related posts:

  1. Buyer & Seller Perks in Today’s Housing Market
  2. 5 Reasons Today’s Housing Market Is Anything but Normal
  3. Current Buyer & Seller Perks in the Housing Market
  4. What Does Being in a Sellers’ Market Mean?

Posted in: Blog, For Sellers, Housing Market Updates, Selling Myths

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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