Thinking of Selling Your House? This is a Perfect Time!
It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year.
The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The National Association of Realtors (NAR) recently revealed the months during which most people listed their homes for sale in 2018. This graphic shows 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 1,520,000.
That number spiked to 1,870,000 by May!
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.
Bottom Line
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. Beat the rush of housing inventory that will enter the market and list your home today!
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I actually didn’t know that selling real estate properties during the spring is the best time. Personally, I like a little competition so I might contact a real estate company to help me out in setting competitive prices to attract new owners. Since it’s already May, I’m sure that I’ll find someone to sell my house to with their help. http://www.carolyncatton.com
The other listings that come out in the spring will represent increased competition to any seller.
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Spring season may be the best time for me to contact a real estate service to sell my home. I think I will try to sell my house soon since it’s already May. Thanks for letting me know that it’s a popular month to sell my house so I might think about contacting a real estate company so that I can sell my house fast. http://malvinimortgageandrealestate.com/real-estate/