Search
  • LoanOnTime

Home Sales About To Surge? We May See a Winter Like Never Before


Sellers Are About To List – Right Now

Instead of waiting for the normal spring buying market, new research indicates that homeowners thinking about selling are about to put their homes on the market this winter.

Speaking to the release of a report on this recent research, George Ratiu, Manager of Economic Research for realtor.com, said:

The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter.

Here are some highlights in the report:

Of homeowners planning to enter the market in the next year:

  • 65% – Have just listed (19%) or plan to list this winter

  • 93% – Have already taken steps toward listing their home, including working with an agent (28%)

  • 36% – Have researched the value of their home and others in their neighborhood

  • 36% – Have started making repairs or decluttering

The report also discusses the reasons sellers want to move:

  • 33% – Have realized they want different home features

  • 37% – Say their home no longer meets their family’s needs

  • 32% – Want to move closer to friends and family

  • 23% – Are looking for a home office

Data shows buyer demand remains unusually strong going into this winter. Research indicates the supply of inventory is about to increase. This could be a winter real estate market like never before.


Bottom Line


If you're thinking of buying or selling, now is the time to have a heart-to-heart conversation with a real estate professional in your market, as things are about to change in an unexpected way.


Contact Loan On Time for experienced representation when buying or selling property in California.

21 views0 comments