Want Top Dollar For Your House? Now's The Time To List It
Demand Is Very Strong This Winter
A recent article in Inman News explains:
Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!'
And they aren't the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):
Buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there's a strong demand for that item. That time is now.
Housing Supply Is Extremely Low
Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we've seen in any January since 2017 (see graph below):
The best time to sell an item is when there's a limited supply of it available. This graph clearly shows how extremely low housing supply is today.
If you agree the best time to sell anything is when demand is high and supply is low, let's connect to begin discussing the process of listing your house today.
Contact Loan On Time for experienced representation when buying or selling property in California. 888-220-6680 or visit www.loanontime.com