Are you thinking about selling your house? If so, you may wanna make it a priority to start the process soon. According to realtor.com, the sweet spot for timing for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years, excluding 2020 because it was very atypical because of COVID.
When applied to the current market, experts determine the ideal week to list a house this year. The research shows that the week of April 10th to 16th is expected to have the ideal balance of housing market conditions that favor home sellers more so than any other week in the year. If you've been putting your move on the back burner waiting for the ideal time to sell, you should know the your golden window of opportunity is coming up. If you're able to get your house ready quickly, here's what you can expect from that week.
The realtor.com article expects higher buyer demand based on what's happened in previous years. This could result in increased competition among buyers and ultimately more bidding wars for your house. And since mortgage rates recently ticked up to around four and a half percent, chances are that the analysis is right. When rates rise, experts say buyers often hurry to make their purchase before rates climb any higher. And that's exactly what's happening right now. Additionally, the realtor.com analysis shows houses sell even faster during this week of the year likely due to heightened buyer demand.
Our market has been moving extremely fast here in south Florida. So it's not a significant change from before, but you know you'll have a solid deal quickly. A lot of buyers are starting the process right now looking to get into homes before the next school year, so this is the spring selling season. Since the beginning of this year, the number of homes available for sale has been at or near record lows.
According to this realtor.com study, the typical trend for this week of the year that there will be fewer sellers on the market. If you list when inventory is low, your house will be the center of attention creating buyer demand for your home. If you're ready to move fast, you may wanna shoot for the April 10th to 16th as your target goal. Just remember, even if you're not ready to list within the next couple weeks, rest assured we are still in a hot seller's market. If you list later in April, you'll also still be in the driver's seat.
Are you ready to get the ball rolling? Let's connect and schedule a time to go over your next steps. In the meantime, make a checklist of things that you need to tackle to get your house ready. When we talk, you can prioritize your to-do list and get you on the road to selling your house.Posted by Andy Mandel on