If you ask anyone the best time of year to sell your home, they’d say late spring or summer. They’d be right. Spring is a great time to list your home for sale. Here is why you should sell in the spring.
First reason is that inventory is low, especially in early spring
Fewer people list during the winter so there are fewer homes for buyers to see. If the supply of homes is below enough listings for six months out, it’s a seller’s market. Winter is usually the time of year when there is a seller’s market. If your home is in great shape and is up to date, it will stand out from those that have been sitting over the winter. People start looking for homes in the spring so that they can move. For families that means after the school year ends and before the next one starts. For anyone, moving in warmer weather is much easier than moving in cold and possibly snowy weather!
Lower inventory also means that prices are probably higher
Prices are also rising in general, mostly because people are finally no longer underwater in their homes and are a bit more confident about the market prospects. Put the two of them together and it isn’t a stretch to think they will continue to rise. Buying now while prices are lower is a good idea.
Sell this spring for another reason: mortgage rates
Mortgage rates have been exceptionally low for quite some time, and will be rising. Not a lot, but enough that it will kill the real estate market, but enough that people will want to buy now. Especially those who are savvy enough to know that demand, and more supply, will be rising as spring heads to summer.
So, list now while the seller’s market is in the best place for you!
If you are thinking of listing your Denver area home, please give me a call to find out more! Tena D 303-452-5853