Everyone knows that the best time to list a home for sale is in the springtime. The holidays have passed, and since many buyers want to purchase and move into their new home by June, it is a good time to sell.
What many people don’t know is that the next best time to sell a home is in the fall! There is still a solid three months of marketing time before the holidays, the kids are back in school, and most people’s vacations are over. All of these lead to more activity in the real estate marketplace.
As mentioned in prior articles, interest rates are up but home inventory continues to remain low in our area! So, if you are thinking about selling your home, now is still a great time to sell rather than holding off until the spring market begins.
If the interest rates hold steady or go up, the sellers’ market will stabilize. Prices should not come down, but we will see fewer multiple offers as well as fewer bids coming in over the asking price.
If you have any questions about the real estate market in our area, please do not hesitate to call me at 215-630-9363! www.josephcairo.com
PHOTO CAP: Joe Cairo