The three months in the second quarter of the year are consistently the most popular months for sellers listing their homes on the market. Last year, the number of homes available for sale in January was 1,680,000. May spiked to 1,970,000.
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.
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.
With the shortage of available inventory on the market here in the Northeast Georgia area it may make sense to beat the increase in housing inventory that will enter the market in the spring. Listing your home today might be the best strategy. Contact us to get a free valuation of your property. The more information you have, the better the decision you can make. Let us help you make that informed decision.