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. In a recent study,
experts analyzed housing market trends by looking at data from the past several
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 putting your move on the back burner waiting
for the ideal time to sell, you should know 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.
You 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%, chances are good that analysis is right. 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 House Is Expected To Sell Quickly
Additionally, the realtor.com analysis shows houses sell
even faster during this week of the year, likely due to the heightened buyer
demand. If you work with a trusted real estate professional to price your house
right, it should sell quickly. And when homes are already selling in just 18
days according to NAR, that could set you up for a big win.
Your House Will Be in the Spotlight
Since the beginning of the year, the number of homes
available for sale has been at or near record lows. According to the
realtor.com study, the typical trend for this week of the year is that there
will be even fewer sellers on the market. If you list when inventory is low,
your house will be the center of attention for eager buyers craving options.
If you’re ready to move fast, you may want to shoot for
April 10th-16th as your target goal. Just remember, even if you’re not ready to
list within the next couple of weeks, rest assured 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, make a checklist of things
you need to tackle to get your house ready. When we talk, we can prioritize
your to-do list and get you on the road to selling your house.