“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.
Wondering What’s Going on with Home Prices?
U.S. house prices were largely unchanged in the last four months and remained near the peak levels reached last summer.
Why It’s Easy To Fall in Love with Homeownership
Over the last few years, we’ve fully embraced the meaning of our homes as we spent more time than ever in them.
What You Should Know About Closing Costs
Understanding what closing costs include is important, but knowing what you’ll need to budget to cover them is critical, too.
Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years
Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.
How Experts Can Help Close the Gap in Today’s Homeownership Rate
Homeownership is an essential piece for building household wealth that can be passed down to future generations.
The Top Reasons for Selling Your House
If you also find yourself wanting a change in location, needing more space than your current house can provide or feel the need to downsize, it may be time to sell.