When is the Best Time to Sell Your House - Did You Know Show

When is the best time to sell your house? That is the question we are going to answer on this episode of the "Did You Know Show."

It's almost impossible to time the housing market perfectly, but when thinking of selling a house, many people think the best time to do so is in the spring or summer months. That is when the most home buyers are traditionally out looking for a home to purchase. However, there is also more competition during those months. So, the best time to sell your house is when others are not. By putting your home on the market when other potential home sellers are not, your house will stand out in the market place, driving more home buyers to your door. This spring the number of homes is lower than usual, with only 392,016 homes for sale compared to over 550,000 in years past.

What is causing this shortage in homes on the market? It may have something to do with the interest rates. Many homeowners may have locked in a mortgage rate at 3 or 4 percent, and are unwilling to sell their homes and take on a new mortgage at a higher rate. But with the number of homes on the housing market being low, that means there will be more competition to purchase the homes that are on the market.

So with the housing market inventory being low, that could mean the best time to sell your house is now.

Do you think now is a good time to sell your home? When would you sell your house to get the best results? Let us know your thoughts in the comments!

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Thank you,
David McKeever
m | 209.483.6523
Broker | Advance 1 McKeever Real Estate
Voted "BEST REALTOR" 2019 & 2020 Best of San Joaquin County Awards

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