The #1 Reason to Not Wait to Sell Your House in Spring

Bunny Terry December 3, 2018

Should you wait to sell your house this spring or list it now?

Many sellers in Santa Fe and elsewhere believe that you sell your house in the spring because buyer demand traditionally increases at that time of year. What they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition.

The #1 Reason to List Your Home in the Winter Months is 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 months’ supply of listings from the National Association of Realtors.

As you can see, the ‘sweet spot’ to list your home for the most exposure naturally occurs in the late fall and winter months (November – February).

Temperatures aren’t the only thing that heats up in the spring – so do listings!

In 2017, listings increased by nearly half a million houses from December to June. Don’t wait for these listings to come to market before you decide to list your house.

Added Bonus: Only Serious Buyers Are Out in the Winter

At this time of year, only those 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 have been debating whether or not to sell your home and are curious about market conditions in your area, give me and my team a call so that we can help you decide the best time to list your house for sale.