Most home owners think that spring is the best time of the year to put their house on the market because buyer demand traditionally increases that time of year. What they don’t understand is that if every homeowner proceeds with the same strategy, then that’s when they’ll have the most competition.
So, what’s the #1 reason to list your home in the winter? LESS COMPETITION!!
Housing supply traditionally shrinks at this time of year, so the choices buyers have are 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 – 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 home.
Added Bonus: Serious Buyers Are Out in the Winter!
At this time of year, buyers who are serious about purchasing a home will be active in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ These lookers are at the mall or online doing their holiday shopping and not serious about writing offers!
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 home.