If selling your home is at the top of your New Years Resolutions, then it’s time to get started. Although the market is thought to “slow down” during the cold winter months, that doesn’t mean it’s not an advantageous time to sell your home.
In fact, now is the best time to sell your Raleigh home! Want to know why? Because homes are highly in demand, and inventory is at an all time low.
It’s a Seller’s Market
While the number of buyers has decreased over the past few months, inventory has been at an all-time low since November of 2018. Truthfully, there just isn’t enough inventory to satisfy what buyer demand there is.
For the last five months, the number of homes for sale has decreased substantially.
According to the National Association of Realtors, the number of homes for sale in the country decreased by about 190,000 from June to November of last year. While demand for homes has decreased slightly over the years, it still far exceeds the current inventory available.
What’s the Bottom Line?
Now is the time to sell your home! Across the board, the best time to sell your home is when there’s less competition. In a market as competitive as the Triangle, where motivated buyers far outweigh current sellers, now is an incredible time to sell your home!
Selling your home during a “seller’s market” typically guarantees you a better price for your home, fewer hassles in the transaction, and a stress-free selling experience.
Ready to Sell Your Raleigh Home?
Want to receive an instant offer on your Raleigh home? We can help with that, too. You can also research the market, see what homes are selling for in your neighborhood, and get specific home staging tips to make your home sell even faster.