When is the best time to list my house?
January and February aren’t normally busy real estate months in our area, but we are off to a record start this year. We’ve seen higher than average buyer activity for the time of year. We’ve also seen many multiple offer scenarios, which are definitely rarer during the winter. Normally this kind of activity happens in April. The signs lead to a very strong Spring market and another good year in general for real estate sales and appreciation.
So, when is the best time to put your home on the market? Should you wait until April or May, or should you list now? I honestly think anytime between now and the end of March is going to be a great time to sell. Yes, that may seem a little early, but there is very little inventory right now. Local inventory is at 2.75 months, which leaves buyers very little to choose from and is creating competition among buyers. If you, as a seller, beat all your competition to the market, your chances of selling for a strong price will be better. Typically the amount of inventory rises in April and May, leaving more options for buyers. Of course everybody has their personal and family situations, many sellers don’t want to sell until the kids are almost done with school. I think things will still be good for sellers at that time. Although, you will just have more competition, and if your neighbors house is for sale and just a touch nicer, it may sell first. If you are considering selling, now may be the time!