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. Temperatures aren’t the only thing that heats up in the spring – so do listings! 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. 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 house.So, what’s the #1 reason to list your house in the winter? Less competition.
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).
In
2018, listings increased from December to 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 house.
Added Bonus: Serious Buyers Are Out in the Winter
Bottom Line
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 don’t realize is if every homeowner believes the same
thing, then that’s when they’ll have the most competition.