A study by NerdWallet says that 45% of homeowners believe there are more homes on the market today than there’s ever been. 58% of those people that are planning to sell in the next 18 months believe there’s more homes available now than last year. As a result, they’re more likely to hold off on selling until they perceive it to be the right time to sell. Whether that’s the spring market of 2020 or the spring market of 2021.

Are you one of those people?

This strategy of waiting is not actually in your best interest. You see, it’s simply supply and demand. Supply of inventory will go up in the spring market, it always does, creating that buyer opportunity. So the number one reason why it’s actually a bad idea to wait is that you are going to face even more competition in the spring, when there were 20% more listings in Katy in 2019 than November 2018 through March 2019. More competition means lower demand for your home, which ultimately could mean less money at the closing and probably more hassles in the process all because the buyers have more options, more properties to choose from. The market is actually right at the start of what we call the sweet spot for the most favorable selling conditions.

How does Winter compare to Spring?

Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.

Here are two more important numbers to know. Single family New Building Permits in Houston were up 11.7% and 30.9% year over year in the most recent two months of available data.  This means there is going to be lots of new homes coming on the market this spring for you to compete with.

Here are a few more reasons the winter home-selling season may be your best option.

The buyers are as serious as you.Buyers are emotional during the holidays.Houses Feel More Like “Homes”.Buyers looking for some end-of-year tax deductions.Online Searches Go Way UpMore relocation buyers.You’ll get a realistic sense of listing price.

Now is a great time to arrange a time for us to discuss a strategy for listing your house.  Contact me at one of the options below.