🤔Thinking of listing your home in the spring? So is everyone else! 🏡🏡🏡 If you’re thinking of moving in the near future, winter might be the best time to act. ❄ Check out my video to find out why.
Transcript:
Many sellers think spring is the best time to put their homes on the market because there are usually more buyers out at that time of year. What they often overlook is the fact that every other seller is thinking the same thing, which means they’ll have more competition. The #1 reason to list your home in the winter is there’s less competition. Inventory usually is at its lowest point in the winter, so the options buyers have are limited. Check out this data from the National Association of Realtors.
As you can see, the ‘sweet spot’ for listing your house to get the most exposure happens in the late fall and winter months, typically November through January. When spring rolls around, temperatures aren’t the only thing that rises. So do the number of listings.
As you can see, last year listings increased from December through May. Don’t wait for all of the competition to show up before you decide to put your home on the market.
There is an added bonus to selling during the winter: the buyers who are out looking in the cold and snow tend to be very engaged and serious. You will be much less likely to be inconvenienced by those casually looking or just wanting to get decorating ideas for their own home. You might be surprised how often that happens during more active markets. In the winter, the lookers are at the malls or online doing their Christmas shopping.
If you’re been thinking about whether or not to sell your home or are curious about the market conditions in your area, contact me today. I’m Eric with Eric Andersen Homes, and I’m here to provide you with a smarter approach to real estate.