“Give me one good reason why selling now is better than waiting until spring,” is a perfectly legitimate request. It’s a challenge to the traditional peak of the Triad’s
Why Sell Your Home Now?
Dated: January 28 2021
“Give me one good reason why selling now is better than waiting until spring,” is a perfectly legitimate request. It’s a challenge to the traditional peak of the Triad’s selling season. Why should right now, at the start of February, be the right time to sell your home?
Statistics show that more homes are sold in the spring and summer, that—plus sheer inertia—can be powerful arguments to the contrary.
So here’s the “one good reason.” In fact, it could be the best reason. It’s the textbook Economics 101 basic rule about markets and pricing.
Simply put, the supply of housing all across the nation continues to be low. Really, really low. A few weeks ago, Washington Post put inventories of homes for sale at an “all time low.” The expectation is the national home price index will rise 7% from the year before—an all-time high.
Now, it could turn out that the supply of competing homes on the market remains low throughout 2021. But it’s also possible that conditions change, and that the housing inventory slump finally reverses.
But until then, it’s what those Econ 101 introductory texts lay out: a basic truth that the price of an item is a reflection of supply and demand. Unless the annual pattern does a surprise about-face, come springtime, many more competing homes can be expected to enter the market. In other words, right now an already-constricted supply is likely to thin out even further. And most homeowners will wait for the traditional peak selling season to sell their homes.
The long and short of it is that listing now isn’t just a good time—it could be the good time. If you were looking for that “one good reason,” it’s time to call PREMIERE and discuss how best to sell your home!