Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. Read below why you should sell your home this winter.
So, what’s the #1 reason to list your house in the winter? Less competition.
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the Charleston Trident Association of Realtors. You’ll see a dip in the numbers every winter although the months supply continues to be under 6 months indicating a continuous sellers market.
In 2018 and 2019, listings increased from December to May. Don’t wait for these listings and the competition that comes with them to come to the market before you decide to list your house.
Added Bonus: Serious Buyers Are Out in the Winter
At this time of year, purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ The lookers are at the mall or online doing their holiday shopping.
Bottom Line – Sell your Home This Winter
If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s talk. If you’re wondering what you need to do to get your home ready to sell, check out another article here.