Thinking of Selling? Why Now May Be The Time

    Thinking of Selling? Why Now May Be The Time
    Thinking of Selling? Why Now May Be The Time | Simplifying The Market

    It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year.

    The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed which months most people listed their home in for 2015. Here is a graphic showing the results:

    2015 Popular Selling Months | Simplifying The Market

    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 1,860,000.

    That number spiked to 2,280,000 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 a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

    Bottom Line

    It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

    What’s next in your life?

    Moving Up Downsizing

    Neither – simply have a property to sell
    Source: Michigan Real Estate News, John Rice Realtor Latest Real Estate News

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