Homeowners who are considering selling their homes often wonder if they should wait until after the holidays. And those who have already listed their homes may be wondering if they should take them off the market until the new year. Here are some things to consider if you’re trying to decide whether to sell your home during the holidays or wait until after the new year.
Selling your home during the holiday season has many advantages. Here are a few reasons why you should consider it:
1. The increase in the number of homes for sale this year hasn’t been enough to meet the demand from buyers.
Nadia Evangelou, Senior Economist & Director of Forecasting at the National Association of Realtors (NAR), explains:
There’s still this gap between demand and supply because we were underbuilding for many years. So now we see demand is slowing, but it still outpaces supply.
2. Many millennials are interested in purchasing a home, and as a result, there is currently high demand for homes among this group. If you’re a serious homebuyer, now is a great time to start your search.
Mark Fleming, Chief Economist at First American, explains:
While not the frenzy of 2021, the largest living generation, the millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.
3. The holidays are actually a great time to look for a new home. Many buyers are attracted to homes that are already decorated for the season. Plus, people who are looking for homes during the holidays are usually ready to buy.
4. For your convenience, you can limit showings of your house to specific days and times. This will help minimize disruptions, something that is especially important during this busy time of year.
5. Rents have increased significantly in recent years, and many people are looking to buy a home to avoid the high cost of rental properties. According to an article from Zillow, this is a trend that is likely to continue in the coming year.
“Over the next 12 months, rents are expected to grow more than inflation, the stock market, and home values.”
Your home could be their ticket to leaving renting behind for good.
Here’s What We Say…
There are still many reasons it makes sense to list your house during the holiday season. Let’s connect to determine if selling now is your best move.
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