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: 
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.
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.
Looking to Buy, Sell, or Invest? Contact:
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
No comments:
Post a Comment