In a scenario where there are fewer houses on the market, what can sellers typically do with their pricing?

In a scenario where there are fewer houses on the market, sellers are often in a stronger position to exert control over pricing due to the principles of supply and demand. With fewer homes available, buyers have limited options, which can create a competitive situation for the available properties. This scarcity allows sellers to request higher prices for their properties since buyers may be willing to pay more due to the lack of alternatives.

When demand remains steady or increases while supply decreases, the market typically shifts in favor of the seller. This trend can lead to bidding wars or offers above the asking price, which further supports the ability to set higher prices. Therefore, requesting higher prices becomes a strategic choice for sellers looking to maximize their return in a tight market.