Why It Makes Sense to Sell Your House This Holiday Season

Dated: December 14 2020

Views: 172

Why It Makes Sense to Sell Your House This Holiday Season | Simplifying The Market

Why It Makes Sense to Sell Your House This Holiday Season

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers (See graph below):Why It Makes Sense to Sell Your House This Holiday Season | Simplifying The MarketWhen the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

As this happens, prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. So, if your neighbors decide to remove their listings this season, your house may quickly rise to the top of a holiday buyer’s wish list if you stay on the market.

Today, there are many buyers who are ready, willing, and able to purchase. Record-low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live and to take action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the next few weeks will give you the most exposure to buyers who will be actively competing against each other to purchase it.

Blog author image

Corey Blade

Corey is an experienced real estate broker who has extensive experience working with buyers, sellers, and investors. With exceptional follow up, listening, and negotiation skills, Corey holds himself ....

Latest Blog Posts

Owning a Home is Still More Affordable Than Renting One

Owning a Home Is Still More Affordable Than Renting One Wednesday January 20th, 2021  Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing,

Read More

How to Make the Dream of Homeownership a Reality This Year

How to Make the Dream of Homeownership a Reality This Year Monday January 18th, 2021  Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs.

Read More

Why Right Now May Be the Time to Sell Your House

Why Right Now May Be the Time to Sell Your House Thursday January 14th, 2021  For Buyers, For Sellers, Housing Market Updates, Interest RatesThe housing market made an

Read More

4 Reasons People Are Buying Homes in 2021

4 Reasons People Are Buying Homes in 2021 Tuesday January 12th, 2021  First Time Home Buyers, For Buyers, Interest Rates, Move-Up BuyersAccording to many experts,

Read More