Why It Makes No Sense to Wait for Spring to Sell
The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Bottom Line
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Utah Realty Wishes you a Wonderful 2020
Utah Realty had the best year ever in 2019! Thanks to all our clients, friends, Chambers and Connections! Here’s to a Wonderful 2020! We hope 2020 is a great year for you, both personally and professionally!
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2020 Buying and Selling Guides are here!
Get Your House Ready To Sell This Winter – Utah Realty
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