Spring Market… Perfect Time to Sell Your Home!
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!
Is it the Perfect Time to Sell your Home and 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. Although the competition and number of homes increase for the Spring Market, The Spring Market is the Best Time to Sell Your Home!
Bottom Line
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today. It is the best time to sell your home in New Jersey, especially when you list your home with John McLain and the McLain Realty Team! New Jersey’s premier real estate firm and one of the top realtors in NJ! Not only is Spring the best time to sell your home, but the McLain Realty Team offers the guaranteed sale program and 2 year love it or leave it guarantee. If the McLain Realty Team does not sell your home in 66 days, John McLain will buy it himself. Call today: 908.878.9356 or visit www.SearchAllNJhomes.com