“Why wait until spring when you can get ahead of the curve now?”
A lot of people assume spring is the ideal time to sell a house. And sure, buyer demand usually picks up at that time of year. But here’s the catch: so does your competition because a lot of people put their homes on the market at the same time.
So, what’s the real advantage of selling your house before spring? It’ll stand out.
Historically, the number of homes for sale tends to drop during the cooler months – and that means buyers have fewer options to choose from.
You can see how that trend played out over the past few years in this data from the National Association of Realtors (NAR). Each time, the supply of homes for sale dipped during these cooler months. And then, after each winter lull, inventory started to climb as more sellers jumped into the market closer to spring (see graph below):
Here’s why knowing how this trend works gives you an edge. While inventory is higher this year than it‘s been in the last few winters, if you work with an agent to list now, it’ll still be in this year’s sweet spot. So, while other sellers are taking their homes off the market, you can sell before the spring wave of new listings hits, and your house will have a better chance of standing out.
Why wait until spring when you can get ahead of the curve now?
Fewer Listings Also Means More Eyes on Your Home
Another big perk of selling in the winter? The buyers who are looking right now are serious about making a move.
During this season, the window-shopper crowd tends to stay busy with other things, like holiday celebrations, and avoids looking for homes when the weather’s cooler. So, the buyers out looking aren’t casually browsing—they’re motivated, whether it’s because of a job relocation, a lease ending, or some other time-sensitive reason. And those are the types of buyers you want to work with. Investopedia explains:
“. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy.”
Bottom Line
With less competition and serious buyers on the hunt, you’ll be in a great position to sell your house this winter. Let’s connect if you’re ready to get the process started.
To view original article, visit Keeping Current Matters.
How the Economy Impacts Mortgage Rates
Mortgage rates will continue to be volatile in the months ahead. There are signs the economy is headed in the better direction.
How Affordability and Remote Work Are Changing Where People Live
An experienced local agent can help you find the lifestyle you’re looking for in a home you can afford.
Unlocking Homebuyer Opportunities in 2024
If you’re ready and able to buy, you may find that the second half of 2024 is a bit easier to navigate.
How To Determine if You’re Ready To Buy a Home
While housing market conditions are definitely a factor in your decision, your own personal situation and your finances matter too.
Why Working with a Real Estate Professional Is Crucial Right Now
A real estate expert can carefully walk you through the whole real estate process and advise you on the best ways to achieve success.
Why Moving to a Smaller Home After Retirement Makes Life Easier
As you approach retirement, its important to think about whether your current home still fits your needs.