I sat with two potential sellers this week to discuss taking their homes to market. It's early November the "selling season" is winding down, holidays are near, and for most, a shift in lifestyle takes place for the winter months.
A discussion always take place with all sellers, "what about the spring time to put our home on the market" ?
The spring is indeed, a great time to take your home to market.
As a full time professional, real estate is going on all year long. The last Friday of any month at an escrow company, there is a frenzy of activity to record (close) many real estate transactions. The last Friday of December (year end) can be very busy at escrow companies also.
The early part of any year coming into springtime, there is typically more inventory coming to market all the way through the summer months, which probably could be called a selling season.
In soft markets, there are plenty of sellers who went to market back in February, March, last spring who have not sold their homes and have been on the market 7 or 8 months. The market views time as "days on market". 240 - 250 days on the market can be a very long time. If you did start back in the spring, it would be very important now to put the price at what it needs to be, to get it sold. Or pull it off the market through the holidays and try again next year.
Fall and winter sellers need to sell. Fall and winter buyers need to buy.
I have had many very busy holiday seasons with activity I would have never thought would happen. But, that is also when I realized, the fall and winter buyers and sellers, are in the market usually because they need to be.
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