Selling

Thinking of Selling? Now is the Perfect Time

By bradschmett|January 20, 2018

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.

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!

Here is a graphic showing the results:

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.

Leave a Reply

avatar
  Subscribe  
Notify of

Selling

May Newsletter

bradschmett|May 6, 2020

Selling

Uncertain Times – Stay Safe

bradschmett|April 8, 2020

Selling

April Newsletter

bradschmett|April 1, 2020

Contact Brad Schmett or call (760) 992-3037

Contact Us Today