In this ever-changing real estate market, winter can be a great time to consider selling. During the holidays and winter months, inventory is low, which means your home will have less competition. While some sellers will wait until after the holidays or into spring, your home can more easily stand out if you list now. Buyers often have time off during the holidays to look for their perfect home and some homes show better during the winter with a warm and cozy feel.
You may feel hesitant to sell your home now, thinking that buyer demand has disappeared due to higher mortgage rates, however, there are several reasons why buyers are still searching for a home. Many buyers that couldn’t secure a home in the competitive market earlier this year are now able to. Also, Millennials are a significant driving force for buyer demand in the housing market today. They are the largest generation of home buyers and are looking to buy.
Many potential buyers aren’t willing or able to wait until warmer months to purchase a home. With January being a big month for job relocations and fresh starts, buyers are motivated to get settled quickly. Taking advantage of the winter season with low inventory and motivated buyers will get your home the attention it needs to sell.