When home inventory levels dip buyers want more house choices; this is exactly when you should list your home for sale.
Many sellers believe Spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they dont realize is if every homeowner believes the same thing, then thats when theyll have the most competition.
Beating Out the Competition
So, whats the #1 reason to list your home this winter? Less competition. In this blog post, Ive outlined five strong reasons why selling a home in Delaware during this time of year helps you beat the competition.
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be 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 arent the only thing that heats up in the spring so do listings! In 2018, listings increased from December to May. Dont wait for these listings and the competition that comes with them to come to the market before you decide to list your house.
Added Bonus: Serious Buyers Are Out in the Winter
At this time of year, purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere lookers. The lookers are at the mall or online doing their holiday shopping. Watch my short video about why I believe Presidents Day weekend in February is the ultimate time to have your home on the market.
Source: Keeping Current Matters, http://bit.ly/2O2tXzW
If youve been debating whether or not to sell your house and are curious about market conditions in your area, lets get together to determine the best time to list your house. Reach out to schedule an appointment. Were happy to discuss all your options.