Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon.
According to realtor.com, the sweet spot for sellers is just around the corner. Recently, experts analyzed housing market trends over the previous years (excluding 2020, since it was an atypical year). When applied to the current market, experts determined the ideal week to list a house this year. The research says:
Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2022 is approaching quickly. The week of April 10-16 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 waiting for the ideal time to list, you should know that your golden window of opportunity is coming up. So if you can get your house ready quickly, here’s what you can expect from that week.
Your Listing Should See More Buyer Activity
The article expects higher buyer demand based on what’s happened in previous years. This could result in increased competition among buyers and, ultimately, a bidding war over your house. And since mortgage rates recently ticked up over 4%, the chances are good that the analysis is correct. When rates rise, experts say buyers often hurry to make their purchase before rates climb higher. As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), says:
. . . Buyers are rushing to lock in lower rates as the outlook is for even higher mortgage rates in the following months.”
Your Listing Is Expected To Sell Quickly
Additionally, the realtor.com analysis shows homes listed during this week of the year sell faster. This trend is likely due to the heightened buyer demand. So if you work with a Realtor® to prepare and price your house right, it should sell quickly. And that could set you up for a big win since, according to NAR, homes are selling in 18 days.
Your Listing Will Be in the Spotlight
Since the beginning of the year, the number of homes listed for sale has remained low. According to the realtor.com study, the typical trend for this week of the year is for even fewer homes listed. If you list when inventory is low, your house will be the center of attention for eager buyers craving options.
You should shoot for April 10th-16th as your target goal if you’re ready to move fast. Remember, even if you’re not prepared to list in the next week, this is still a hot sellers’ market. If you list later in April, you’ll still be in the driver’s seat.
Ready to get the ball rolling? Let’s connect and schedule a time to go over your next steps. In the meantime, take a look at this checklist of things to tackle to get your house ready. Then, when we talk, we can prioritize your to-do list and get you on the road to selling your home.