Spring is officially here, and it’s generally a great opportunity to sell your home when the warmer weather comes around.
A recent article from realtor.com outlined key reasons this 2023 spring season is specifically a great time to sell your home, including:
- Inventory is at historic lows. The fewer homes there are on the market, the more competition there is for those homes, and right now, inventory is at a serious low. According to the article, there are about half as many homes for sale today than there were before the pandemic.
- Spring is a popular time for home buyers. Spring is historically one of the most popular times for home buyers. Not only is the weather nicer, but finding and buying a home in the spring often means a move in the summer, which is ideal for buyers with children, so they don’t have to move during the school year.
- Home prices are still on the rise. You want to sell your home for as much as possible, and it’s looking like this spring is a good time to make that happen. While median home prices aren’t at their all-time high — according to the article, that was in June 2022, when the median price in the US hit $450,000 — they are still on the rise, increasing from $406,000 in January to $424,000 in March. So, if you want to take advantage of the upward trajectory, now is a good time to list.
