Many know that a great number of homes sell during the spring buying season. This perception causes many to hold off listing their home until the spring months. However, this strategy has proven to have a negative impact on the sellers ultimate goal, selling their home.
With many other listing coming on the market during the spring, your competition will significantly increase.
The year of 2018 illustrates the significant increase in seller competition from January to May. The total amount of homes that were on the market in January of 2018 was 1,520,000 and by May the total number had spiked to 1,870,000.00. This is a 23% increase in seller competition!
Buyer urgency is also heightened due to the fear of interest rates rising later in the year, causing them to look at homes NOW, not the spring.
If you are looking to sell this year, waiting until the spring to list your home means that you will face your greatest competition amongst buyers. Beat the seller rush and allow the Bright Home Group of Keller Williams Realty complete your mission of selling your home.