Listing in the Fall/Winter is One of the Best Ways to Get Your Home Sold

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There is a misconception out there that placing your home on the market to sell during the cooler months is a bad idea. Contrary to popular understanding, the truth is that it is a great time to sell your home! Why? Not only because there are fewer properties on the market competing against your home but also since the people that are out there buying continuously seek a great opportunity and keep looking regardless of season. 

Bring in the factor of today’s phenomenal interest rates and you have a winning combination for selling success with all the buyers eager to lock in amazing interest rates still making housing market history.

Home Sales In Fall/Winter Compare Closely to Sales in Spring
Consider this: house for house, there are almost the same number of homes sold during the cooler months of the year as there are in the “peak” real estate season, that is spring. To demonstrate this, I have pulled a few statistics that will surprise you.

Right now there are 15,228 active listings on our market. This translates to just over two months of supply. Going back to the basic concept of supply and demand, anytime there are fewer than 4 months of supply of homes, it is a sellers’ market where homes will sell quickly and for top dollar.

This is the part that surprises most of my clients; looking back to the sales in November of 2011, we had a total of 232 homes sold per day, 260 homes sold daily in December 2011 and skipping forward just a few months to that “peak” season the number was 290 homes sold each day on average in April.

This is merely an 11% difference. In other words, the number of homes sold in the winter months was very similar to those sold in the spring, as evident in these market statistics.

To see more detailed statistics of specific areas, Click Here.

Strong Selling Season Expected Ahead
What this means is that there is no reason for you to pull your home off the market – in fact, I believe that could be detrimental to your selling success. Furthermore, choosing to list your home in a market environment known to generate heightened interest and subsequently multiple offers yielding top dollar is the right choice for most people.

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If you would like me to look at your situation and provide a customized evaluation of what you might expect to receive for your home in today’s market – or anything else dealing with your real estate needs, contact me today.