Thinking of Selling Your Home? With Low Inventory, Now Is the Time to Act

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale on the national level is well below historic norms, and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low, and demand for that item is high. That defines today’s real estate market.

Jonathan Smoke, Chief Economist at, revealed in a recent article that:

The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.

Smoke goes on to say:

We started the year with the lowest inventory of homes available for sale that we’ve ever seen on While we did see inventory grow 2% in February, total inventory was down 11% over last year.

Most recent Washington D.C’s Housing Market Update also shows low inventory:

  • March active inventories of 8,648 decreased 11.5% compared to last year.
  • All property types showed decreases in inventory levels over last year, with condo inventories down
    16.5% to 2,238, townhome inventories down 13.1% to 1,476, and single-family detached inventories down 8.5% to 4,926.
  • Across the region, inventory levels dropped everywhere except Fairfax City (+17.9%). The largest
    decline was in Fairfax County, where they dropped 17.5%, followed closely by Montgomery County, where they decreased by 14.8%.

To learn more about inventories in Washington DC areas, please refer to page #6 of the full PDF version of this report

In this type of market, the sellers may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Here’s how to negotiate the sale of your home for the best possible price. 

Bottom Line

If you are thinking about selling your house, let’s meet for no obligation seller’s consultation. Please book your consultation here.

How Supply and Demand Impacts Real Estate Values – Video

The price of any item is determined by the supply of that item, as well as the demand for that item in its market.

The same is true in real estate. As the inventory of homes available for sale shrinks, and the demand that buyers have for those homes continues to grow, prices increase.

Let’s get together to discuss the supply and demand of homes in our market!