When Is The Best Time To Sell Your Home?

Selling your home is all a matter of timing. There are many factors that can play into how long it takes to sell your home once you decide to put it on the market and how much it could sell for, but one of the biggest is the current condition of the market. If there are a lot of homes on the market then buyers will have more leverage in the real estate market because they will have more options to choose from. If there are a lot of buyers but not a lot of homes for sale, then the sellers will have more leverage because they are competing against fewer sellers. 

In today’s real estate environment there are fewer sellers listing their homes than normal for this time of year. The chart below indicates that the inventory of new listings hitting the market has decreased dramatically from last year, meaning that buyers will have few options and sellers will have less competition. 

There are a number of reasons why homeowners have hesitated to list their homes this year, but the prevailing reason has been the uncertainty over mortgage rates. Because of this hesitation, homeowners who do decide to sell now are often able to receive multiple offers for higher amounts. 

If you have been considering selling, now is the time! Give our team of experienced real estate professionals a call today to discuss the condition of the real estate market here in Florida and see how much your home could potentially sell for.

For more information about inventory levels in the housing market, take a look at this article from Keeping Current Matters.