Are you thinking aboutĀ sellingĀ your house? If so, you may want to make it a priority to start the process soon. According toĀ 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 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:
āHome 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.Ā 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.ā
If youāve 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. So if you can get your house ready quickly, hereās what you can expect from that week.
You Should See More Buyer Activity
The article expects higher buyer demand based on whatās 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%, the chances are good that the analysis is correct. 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 RealtorsĀ (NAR),Ā says:
ā. . .Ā Buyers are rushing to lock in lower rates as the outlook is for even higher mortgage rates in the following months.ā
Your House Is Expected To Sell Quickly
Additionally, theĀ realtor.comĀ analysis shows houses sell even faster during this week of the year, likely due to the heightened buyer demand. So 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, that could set you up for a big win.
Your House Will Be in the Spotlight
Since the beginning of the year, theĀ number of homesĀ available for sale has been at or near record lows. According to theĀ realtor.comĀ 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 youāre ready to move fast, you may want to shoot for April 10th-16th as your target goal. Remember, even if youāre not ready to list within the next couple of weeks, rest assured that this is still a hot sellersā market. If you list later in April, youāll still be in the driverās seat.
Bottom Line
Ready to get the ball rolling? Letās connect and schedule a time to go over your next steps. In the meantime, make aĀ checklist of things you need to tackle to get your house ready. Then, when we talk, we can prioritize your to-do list and get you on the road to selling your home.