Many sellers believe spring is the best time to put their homes on the market because the demand from buyers traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.
So, what’s the #1 reason to list your house in the winter? Less competition.
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the month’s supply of listings from the National Association of Realtors. As you can see, the ‘sweet spot’ to list your house for when the most exposure naturally occurs, which is in the late fall and winter months (November – January).
Temperatures aren’t the only thing that heats up in the spring – so do listings! In 2018, listings increased from December to May. Don’t wait for the abundance of listings, and the related competition that comes with them, to come to the market before you decide to list your house.
Added Bonus: Serious Buyers Are Out in the Winter
At this time of year, purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ The lookers are at the mall or online doing their holiday shopping.
Bottom Line
If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s get together to make a plan that puts you in the driver’s seat. My only question is “How can I help you today?” My mission is to assist you by guiding you along your real estate journey. Even if you are not planning to list your home soon, I want to help you in any way I can today with your present situation. Check out our home value analysis for the specific possibilities on your home, and look at the recent Market Update for your area to give you a general look at what’s happening in your city.
I appreciate you looking us up, and letting us be your information source for anything you may have a question on or need help with. We love people, and we love properties. Just reach out with a text or call us at (503) 799-8354 to get answers to your questions.
Cheers,
Michael Jester
Oregon Licensed Real Estate Broker
My Real Estate Advisor Team
(503) 799-8354 cell
(503) 437-9005 office
michaelj@myreateam.com
Bella Casa Real Estate Group
207 NE 19th Street, Suite 100
McMinnville, OR 97128
(503) 437-9005 office
https://thebellacasagroup.com
