Thinking of Selling Your Home? Now Is the Perfect Time
Thinking of selling your home? Now Is the Perfect Time. It’s common knowledge most homes sell during the spring-buying season. For that reason, many homeowners hold off on listing their homes to sell. The question is whether or not that’ll be a good strategy this year?
The other listings that come out in spring will represent increased competition for sellers. Do more homes actually go to market in the spring? The National Association of Realtors (NAR) recently revealed the months most people listed their homes for sale in 2017. Here’s a graphic showing the results:
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!
What does this mean to you?
With the national job situation improving, mortgage interest rates projected to rise later in the year, buyers aren’t waiting until the spring; they’re out looking for homes right now. If you’re looking to sell this year, waiting until spring to list your home means you’ll have the greatest competition amongst buyers.
It may make sense to enter the market in the spring and list your home today.
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