The Best Week To List Your House
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 and I am her to help. Here’s what you can expect from that week.
You Should See More Buyer Activity
Expect 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. 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 we work together to price it correctly, it should sell quickly. Currently, homes are already selling in just 18 days according to National Association of Realtors
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 10-16 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.
Bottom Line
Ready to get started? Let’s connect and schedule a time to go over your next steps. I am here to help you with a smooth transition, and achieve the best results for you when buying and selling your property. Contact me at 818-416-2505 or beverlysthilaire@michaelsaunders.com.