Regardless of where you live in Delaware, if you’ve been thinking about selling your home, now really is the time.
Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the Spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on Realtor.com.
So, what does that mean? The busiest season in real estate has just begun.
The same research indicates,
“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation’s largest markets.”
Fewer Homes Listed Increases Demand
With the reality of fewer homes on the market in the winter, and that supply naturally increases as we head to the spring market, waiting for more competition to list in your neighborhood this year might put you behind the curve. Perhaps now is the time to jump into the market.
George Ratiu, Senior Economist at realtor.com says,
“As shoppers modify their strategies for navigating a housing market that has become more competitive due to rising prices and low inventory, the search for a home is beginning earlier and earlier.”
Stay Ahead of the Housing Curve
There is a lot of speculation in the market about why the search for a home is shifting to an earlier start. The one thing we do know is if you’re thinking about buying or selling a home this year, the earlier you get started, the better.
This research is spot on! The Active Adults Realty team stayed busy right through the 2019 holiday season and January 2020 is starting with a bang. Inventory is very low but buyers are here searching for their retirement home. At the beach in Delaware, we used to say, “List your home in November, sell it in April; list your home in March, sell it in April.” But that was when the buyers were primarily looking for a second home—a vacation home near the beach. Today, our buyers are planning for retirement and that happens throughout the entire year. Don’t wait till Spring if you seriously want to sell your home.
Remember this: When should you sell something? When there is less of that item for sale and the greatest number of buyers are in the market. That’s exactly what is happening in Delaware real estate right now.
The new spring market for real estate is underway. If you’re considering buying or selling, let’s connect, so you have the advantage in this competitive market. Schedule an appointment today.
Source: Keeping Current Matters, http://bit.ly/2FVgGUH