It is common knowledge that a great 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 2017. 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 1,680,000.
That number spiked to 1,970,000 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 homes 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 amongst buyers.
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:Amber L Johnson Phone: 972-755-9255 Dated: February 7th 2018 Views: 331 About Amber: Amber Oputa was born and raised in North Carolina, where she attended Wake Forest University and att...
In 1999, Courtney Robinson traded Boston’s three seasons of winter for the warm and welcoming spirit of the North Texas community. She has lived in Dallas, Denton, McKinney, and Melissa and has made her home in Plano since 2009.
She holds a Master's degree in Secondary Education from the University of North Texas and has spent most of her years as a Texan as a middle school teacher in Plano.
A life-long learner, Courtney is always looking for opportunities to improve the process of buying and selling homes in order to increase her clients’ comfort. Her strengths in planning and organization help her clients experience a tranquil transition; her methodical approach reduces the likelihood of surprises; and her razor-sharp research skills help to protect her clients’ investments.
Personable and professional, Courtney Robinson can turn a journey of a thousand miles into an easily-accomplished series of steps. Don’t mistake her compassion for complacency-- during negotiations and closing procedures, she represents her clients skillfully and tenaciously. She is as knowledgeable as she is calm and as thorough as she is patient.
Diligent, responsive, and always willing to go above and beyond to assure a calm and comfortable experience for her buyers and sellers, Courtney is proud to exceed expectations as a member of JP and Associates REALTORS.