Fergus Falls | Thinking of Selling? Now is the Perfect Time

Fergus Falls | Thinking of Selling? Now is the Perfect Time

At a local level in Fergus Falls, MN, buyer confidence continues to be strong with many first-time buyers looking for homes in spite of the shortage of listings. Buyers are just waiting for that new “right” home to come on the market and are out there right now!

Today I want to talk to you about how now might be the perfect time to list your house if you are thinking of selling.

It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2017. Here is a graphic showing the results:

Thinking of Selling? Now is the Perfect Time | Simplifying The Market

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,680,000.

That number spiked to 1,970,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition amongst buyers.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

Source . . KCM Charlie Brue blog

To protect your interests and ensure that you make the best possible decisions, it’s important that you have a knowledgeable agent on your side who is an expert in his local real estate market. I am dedicated to keeping you on top of our local market. Rest assured that I will provide you with well-informed, trustworthy and personal guidance for your home purchase/sale in Fergus Falls Minnesota.
To reach me, call or text 218-205-6566

Or send me an email at charlie@century21vista.com
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Thinking of selling your home? Let me take over the marketing of your property. I’d love to visit with you about the Fergus Falls market and the value of your home.
CHARLIEBRUEHOMES.COM
CALL OR TEXT 218-205-6568.

 

“Seeking to provide help, joy and benefit to home buying or selling.”

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