“So, what’s the #1 reason to list your house in the winter? Less competition.”
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.
So, what’s the #1 reason to list your house in the winter? Less competition.
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors.As you can see, the ‘sweet spot’ to list your house for the most exposure naturally occurs in the late fall and winter months (November – January).
Temperatures aren’t the only thing that heats up in the spring – so do listings!In 2018, listings increased from December to May. Don’t wait for these listings and the competition that comes with them to come to the market before you decide to list your house.
Added Bonus: Serious Buyers Are Out in the Winter
At this time of year, purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ The lookers are at the mall or online doing their holiday shopping.
Bottom Line
If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s get together to determine the best time to list your house.
To view original article, visit Keeping Current Matters.
The Truth About Negative Home Equity Headlines
News headlines focus on short-term equity numbers and fail to convey the long-term view.
What Experts Are Saying About the 2023 Housing Market
2023 likely will become a year of long-lost normalcy returning to the market with mortgage rates stabilizing.
3 Best Practices for Selling Your House This Year
A real estate professional can help you with tips to get your house ready to sell.
Wondering How Much You Need To Save for a Down Payment?
A real estate professional and trusted lender can show you options that could help you get closer to your down payment goal.
Homeowners Still Have Positive Equity Gains over the Past 12 Months
While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home.
Mortgage Rates Are Dropping. What Does That Mean for You?
It’s important to work with a trusted real estate professional who follows what experts are projecting for the months, and year ahead.