A Historic Rebound for the Housing MarketPending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors;(
Waiting Until Spring To Sell Your NJ Home Could Be A Mistake
It’s common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. Team Nest Builder explains why this is not a good strategy.
The other listings that come out in the spring represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The National Association of Realtors (NAR) recently revealed the months during which most people listed their homes for sale in 2018. This graphic shows the results:
The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,520,000.
That number spiked to 1,870,000 by May!
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’re looking to sell your New Jersey home this year, waiting until the spring to list your home means you’ll have the greatest competition amongst buyers. The best time to sell is when you’re READY to sell. Are you ready now? Then call Team Nest Builder’s Lynn Garafola at 973-222-3777 today! Want to learn more about selling your home? Download Team Nest Builder’s FREE Home Seller’s Guide here!
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