The good news is that inventories of used homes are at historic lows. Also still at historic lows are interest rates (so it’s a good time to buy a house, too). That means that if you have a home that you want to sell, it probably won’t remain on the market for too long if it is priced correctly.
According to Zillow, homes that were listed between May first and May 15th sold faster than homes that were listed at other times.
Generally speaking, the holiday season is the slowest time in real estate. People are hesitant to put their homes on the market at this time because they don’t want to have potential buyers coming through their homes at a moment’s notice while celebrating the holidays. People are also less likely to want to move during the holiday season.
But that doesn’t mean it’s a bad time to put your home on the market. In fact, with such low inventory it might be the best time – since inventory is even lower this time of year.
The best thing to do when considering selling your home this time of year is to talk to a professional. If you have another home already purchased and can move in there, the inconvenience of showing your home over the holidays won’t be so noticeable. If you’re building a new home, you might want to wait until your new home is near completion, as your current home may sell faster than you hope.
The best thing to do when considering putting your home on the market during the holidays is to talk to a professional real estate agent. They know the area and the trends and can give you a reasonably good estimate of how long it will take to sell your home, and in this hot market it won’t be long.