Why Selling Your House This Spring Makes Sense

Homeowners looking to sell usually want three things, plenty of interested buyers, strong offers, and a short timeline. Spring is a season that most often delivers all three. So, if a move has been on your mind this year, this is the window where momentum tends to work in your favor. Here's what makes this season so powerful for sellers. Number one, more buyers will be looking. Typically speaking in the housing market, there's no more popular time to move than the spring. Historically, data coming out of showing time proves that's when buyers' activity peaks each year. Take a look for yourself this year. There's more than just the seasonal trend working in your favor. Mortgage rates are also sitting near three-year lows, and that combination matters. More buyers plus improving affordability equals more eyes on your house. That doesn't mean the market will return to the frenzy of the pandemic, far from it, but it does mean more buyers will be ready to reenter the market, and that's good for you. As Redfin says, home buying demand is improving, and mortgage purchase applications are sitting near their highest level in three years. You should make sure your house is listed so you can take advantage of the uptick in demand, because more activity means one thing, more opportunity to get a deal done. Number two, you may get more offers with more buyer demand. It makes sense that you may get more offers on your house, and history shows that's usually true. If we look at the data for the last three years from the National Association of Realtors, NAR, and take the averages for each month, it's clear that sellers in the spring get more offers. Now hear me, don't expect the excessive bidding wars that were so famous in 2020 and 2021, but it does mean seasonality could help you out this spring. As Realtor.com explains, spring typically brings out more buyers who are ready to make a move before summer. Listings see more views, showings, and offers during this season, and that could be really good for your bottom line. Number three, homes usually sell faster. Here's one more predictable pattern that happens pretty much every spring, based on research from Realtor.com. Homes sell faster. On average, homes sell 20 days faster in the spring compared to the winter. That's almost three weeks shaved off your timeline, and that's a difference that you can feel. Since homes have been taking longer to sell lately, listing your house during what's usually the most active time of the year means you're setting yourself up to move as quickly as possible, and isn't that what sellers really want? The faster your home sells, the earlier you can move on to what's next for you. If you're eager to go on to your next chapter, you need to downsize, or you've run out of space, spring may be your best time to sell. Bottom line, spring doesn't guarantee a sale. Strategy still matters, but this season gives you something valuable, momentum. More buyers, more activity, more opportunity. The real question is, if you're going to sell this year, why not do it when the odds are in your favor? Let's talk about selling this season and what it could mean for your house and your timeline. This is Leigh Ann Farrington with Keller Williams Vestavia. I look forward to talking to you.