Several factors may influence sellers' readiness
Equity and financial considerations: Sellers may be more inclined to list their properties if they have accumulated significant equity or if they need the proceeds for other financial goals. A favorable market condition, with increasing prices, may incentivize sellers.
Inventory levels: If the low inventory situation continues into 2024, sellers may have an advantage as they would face less competition. This may encourage more sellers to list their properties.
Economic conditions: Broader economic factors, such as job stability, consumer confidence, and overall economic growth, can impact sellers' readiness. If economic indicators are positive and people feel more secure in their financial situations, sellers may be more likely to enter the market.
Personal circumstances: Sellers may have specific personal reasons for selling, such as relocating, downsizing, or upgrading. These individual factors will determine sellers' readiness, independent of market conditions.