If you’re thinking about listing your home in Kentwood 90045, you’re likely navigating the complexities of the current real estate market while considering your own relocation needs. A significant advantage in your favor right now is the limited inventory of homes for sale in our area.

Understanding the current state of the market is crucial, and here’s what you should know.

The Current Supply Of Kentwood Homes For Sale Is Far Below The Norm

The supply of homes for sale is notably below the normal levels, creating a scenario where demand exceeds supply. This scarcity makes properties even more attractive to potential buyers.

A Closer Look at Inventory In General

To illustrate the extent of the low inventory, consider the data on active listings provided by Realtor.com. The graph below depicts the number of active listings in September of this year compared to the more typical market conditions.

As the graph above indicates, comparing the current year’s numbers (shown in red) to the last normal market years (shown in blue), the inventory remains significantly below the usual levels at a national level. Side note: the unprecedented pandemic years are omitted from this graph.

Kentwood’s numbers, shown below, follow mostly the same pattern. Kentwood homes for sale right now is crazy low. In August, we hit 10 homes for sale. 😳 It was 13 in September and 15 in October. We’re trending in the right direction for the health of our market, but for individual sellers, as inventory grows and buyers have more choices, sellers have less ability to call the shots.

What This Means for Kentwood Sellers

With fewer options available, buyers face limited choices in the current market. This scarcity presents an opportunity for sellers, especially those who price their homes appropriately. Homes that are competitively priced are selling swiftly, often garnering multiple offers from eager buyers.

Even with interest rates as high as they currently are, homes are stilling selling for over ask.

Ask me about the eye popping amount a fixer home in Kentwood recently fetched.

Key Statistics For Kentwood 90045

According to the National Association of Realtors (NAR) Confidence Index:

• 69% of homes sold in less than a month.
• The average number of offers on recently sold homes is 2.6.

Realtor.com adds further insight, noting that limited inventory has led to a faster sales process, with homes spending two weeks less on the market compared to the average September from 2017 to 2019.

Kentwood homes always sell fast. Our Days On Market (“DOM”) hasn’t been over a month since 2017.

Sound too fast for you? With sellers in the driver seat, you can pretty much name any timeline you want. Sometimes you can even lease your property back after the sale for a period. Let’s connect to talk about terms that work for you.

The Bottom Line For Kentwood Sellers

Given the low supply of homes for sale, buyers are actively seeking more options. Your house, even if it’s a total fixer, may be precisely what they’re looking for. Let’s connect to discuss your listing options for today’s market. With interest rates starting to fall, your early mover advantage has a clock on it. Call or text me today at 424.209.2248 or schedule online.

By Tracy Thrower Conyers, Your Neighbor In Kentwood
Tracy is a realtor specializing in LA’s Beach Cities, with a hyper-emphasis on Westchester & more specifically, Kentwood. She is a past practicing attorney & real estate tech founder. Tracy is an outspoken housing policy and lifestyle advocate in our community and 22+ year real estate industry vet. She’s been quoted on topics of Silicon Beach real estate by trusted media outlets including the Los Angeles Times, KCET and The Argonaut. Tracy & her family have called Kentwood home for over 20 years. Tracy & her husband Doug are empty nesters living with their two cats and pup, Luna.