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 homes 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 the months in which most people listed their homes for sale in 2016. 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 1,820,000.
That number spiked to 2,140,000 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.
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.
Author:Shalu Thaman Phone: 609-759-1641 Dated: January 26th 2017 Views: 333 About Shalu: ...
Your Princeton NJ local Real Estate Broker Realtor . If buying or selling a home in West Windsor , Princeton , Princeton Junction in Mercer County or around the Central Nj area, you"ll find a trusted & knowledgable real estate agent in Shalu Thaman, Broker Associate with Keller Williams Princeton Nj
Shalu Thaman specializes in selling homes that do not sell and finding homes for buyers off market , as a Premier agent.
Contact Shalu Thaman for a Complimentary Consultation for all your home buying and selling needs at 609.759.1641
"Shalu is very professional and has extensive knowledge of the new jersey real estate market. She helped us with the sale our home, which was sold under 2 weeks.
She provided us great advice and help at every stage of this home sale process, which is an elaborate and sometimes daunting process.
She completely managed all risks to the transaction to see it through to its completion.
To us, she is 'the closer' , when it comes to the real estate transactions.
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