Jan 15 2018

Dated: 01/15/2018

Views: 96

Thinking of Selling? Now is the Perfect Time | Simplifying The Market

Thinking of Selling? Now is the Perfect Time

   For Sellers, Move-Up Buyers

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2017. Here is a graphic showing the results:

Thinking of Selling? Now is the Perfect Time | Simplifying The Market

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,680,000.

That number spiked to 1,970,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.


Want to Advertise on this Site?

Latest Blog Posts

20 Tips For Preparing Your House For Sale This Fall

Some Highlights: When listing your house for sale, your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this!

Read More

Is The Increase In Inventory A Bullish Or Bearish Sign For Real Estate

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:New listings jumped 8% year-over-year nationally, the largest increase since 2013Total

Read More

PreApproval Your 1st Step In Buying A Home

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to

Read More

Buying A Home Do You Know The Lingo

Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some

Read More